Stock Exchange Releases

Technopolis Plc: Technopolis Negotiating Significant Deal in Kuopio

TECHNOPOLIS PLC                     STOCK EXCHANGE RELEASE                      December 17, 2010 at 9:15

 

Technopolis Negotiating Significant Deal in Kuopio

Technopolis is negotiating a letter of intent concerning a significant agreement with Savonia University of Applied Sciences in Kuopio, Finland. The Board of Savonia approved Technopolis’ tender as the basis for a letter of intent (LOI) in its meeting of 16.12.2010. The contractual procedure will proceed in phases from the LOI to a preliminary agreement and finally a lease. The final approval of the lease will be done by the Savonia Council on February 3, 2011.

According to the approved tender Savonia will relocate its operations into Technopolis’ premises in two phases. In the first phase, starting from the end of 2013, Savonia will lease 11,000 square meters for its operations. The first phase of the agreement can be executed without new building construction. In the second phase, starting from the end of 2015 Savonia would lease an additional 22,000 square meters.The approved tender totals 33,000 square meters. The rental period for both phases is at least 15 years. The time table is illustrative and non-binding.

Technopolis will release more information when negotiations concerning the lease are completed.

Technopolis Plc

Keith Silverang
CEO
tel. 040 566 7785

Distribution:
NASDAQ OMX Helsinki
Main news media
www.technopolis.fi