Stock Exchange Releases

TECHNOPOLIS SIGNS CONTRACT TO ACQUIRE MAJORITY HOLDING IN JYVÄSKYLÄ SCIENCE PARK AND DECIDES ON RELA

Published: 2006-06-21 09:20:00 CEST
Technopolis Oyj – Company Announcement

TECHNOPOLIS SIGNS CONTRACT TO ACQUIRE MAJORITY HOLDING IN JYVÄSKYLÄ SCIENCE PARK AND DECIDES ON RELA

TECHNOPOLIS PLC     STOCK EXCHANGE RELEASE 21.6.2006 at 10.20 a.m.


TECHNOPOLIS SIGNS CONTRACT TO ACQUIRE MAJORITY HOLDING IN
JYVÄSKYLÄ SCIENCE PARK AND DECIDES ON RELATED SHARE OFFERING

Technopolis Plc has today signed a contract on the acquisition of
a majority holding in Jyväskylä Science Park with the City of
Jyväskylä and with those of the company's minority shareholders
that have so far accepted the offer made by Technopolis. Upon
closing the deal, Technopolis will own 81,3 % of Jyväskylä Science
Park’s shares. The remaining shares will be owned by 29
shareholders.

Based on Jyväskylä Science Park's net debt position on May 4,
2006, the transaction price now to be paid will be EUR 14.7
million. If the net debt changes, the transaction price will be
correspondingly adjusted. The final transaction price is expected
to be clear by July 1, 2006.  Half of the price will be paid in
cash, and half in Technopolis Plc shares.

In order to pay a consideration for the shares, the Technopolis
Board of Directors has today decided, under the authorization
granted to it by the Annual General Meeting of March 24, 2006, to
increase the company's share capital by a maximum of EUR 3,380,000
by offering a maximum of 2,000,000 of the company's new shares to
the shareholders of Jyväskylä Science Park. The total amount of
the shares to be issued will correspond to no more than
approximately 5.2 percent of the share capital and votes of
Technopolis after the share capital increase.

The subscription of shares is planned to take place on July 1,
2006. As of the date of registration of the shares, they will
carry the same rights as the Technopolis shares that are already
subject to public trading. The intention is to enter the share
capital increase in the Trade Register on or about July 6, 2006.
Technopolis will apply to commence trading in the new shares on
the Main List of the Helsinki Stock Exchange, together with the
company's other shares, tentatively from July 7, 2006.

Related to the acquisition of a majority holding in Jyväskylä
Science Park, the latter will, through a contract of sale of
business expected to be signed on June 22, 2006, transfer its non-
profit seeking center of excellence operations to Jyväskylä
Innovation Oy, owned 24 percent by Technopolis Plc and 76 percent
by the City of Jyväskylä, and its non-profit seeking company
incubator and other business development operations to Technopolis
Ventures JSP Oy, fully owned by Technopolis Ventures Oy.

Jyväskylä Science Park provides an operating environment for high-
tech companies, and is located in close proximity to the
University of Jyväskylä. Jyväskylä Science Park hosts 120
companies that employ 1,800 persons. The 2005 net sales of
Jyväskylä Science Park and its subsidiary, JSP Facilities Oy,
totaled EUR 12.4 million, while the profit before taxes (Finnish
Accounting Standards) was EUR 1.0 million. The total surface area
of the premises leased and managed by the company is approximately
45,000 floor square meters.

Measured by the number of customer companies, Technopolis Plc is
one of Europe's largest technology center operators. It
specializes in providing operating environments for high tech
companies and offers a comprehensive service package combining
modern premises and business and development services. Technopolis
currently operates in Oulu, Vantaa, Espoo and Lappeenranta. In
addition, it is preparing to expand its operations to the Russian
and Baltic markets. Some 9000 people employed by nearly 700
companies are currently working in its technology centers.


Oulu, June 21, 2006

TECHNOPOLIS PLC



Pertti Huuskonen
President and CEO

For further information, please contact:
Pertti Huuskonen, tel. +358 400 680 816

Distribution:
Helsinki Stock Exchange
Main news media
www.technopolis.fi