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Technopolis Signs 1,500 Sqm Agreement with Paroc for Ruoholahti 2

TECHNOPOLIS PLC                  PRESS RELEASE           May 28, 2012 at 2.15 p.m.

Technopolis Signs 1,500 Sqm Agreement with Paroc for Ruoholahti 2

Technopolis has signed a lease with Paroc Group. The customer will lease approximately 1,500 square meters from the Technopolis Ruoholahti campus, in Helsinki. The deal will raise the Ruoholahti 2 pre-let rate to 77%.

– We screened for several options and selected Technopolis. They can provide energy efficient and modern premises in addition to a service concept which ultimately turned the bid their way, says Paroc Group CEO Kari Lehtinen.

Technopolis CEO Keith Silverang is satisfied with the deal and the recognition given to the service concept.

– The Technopolis’ service concept differentiates us from competitors. Bringing Paroc into the Ruoholahti campus will not only bring us closer to full occupancy, but add also a valuable new element to the campus community, states Keith Silverang.

Additional information:

Keith Silverang, CEO, Technopolis Plc
Tel. +358 40 566 7785, e-mail:

Kari Lehtinen, CEO, Paroc Group
Tel. +358 40 672 2050, e-mail:

Technopolis Plc is a listed company that specializes in real estate, leasing business premises, and services. Its key business concept is to combine modern business support services with modern business premises and offer its customers business environments that can be adapted as required. There are approximately 20,000 people and almost 1,300 companies and organizations in Technopolis premises in Finland, Russia, and Estonia. The company’s net sales for 2011 totalled EUR 92.8 million. The Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.

Paroc Group leads the way in energy efficient insulation products and solutions. Our expertise in energy efficiency and efficient utilisation of processes supporting this form the basis of everything we do. The PAROC® product range includes building insulation, technical insulation, marine insulation, structural stone wool sandwich panels and acoustics products. The company operates in 13 countries across Europe, with production facilities in Finland, Sweden, Lithuania and Poland.

Paroc Group is owned by a number of institutional investors, with a minority shareholding owned by Paroc employees. Net sales in 2011 amounted to EUR 405 million and the average number of employees throughout the year totalled 1,991 people.

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