Stock Exchange Releases

TECHNOPOLIS SIGNS MEMORANDUM OF UNDERSTANDING WITH CITY OF ST. PETERSBURG

Published: 2005-10-07 12:30:00 CEST
Technopolis Oyj – Company Announcement
TECHNOPOLIS SIGNS MEMORANDUM OF UNDERSTANDING WITH CITY OF ST. PETERSBURG
TECHNOPOLIS PLC     STOCK EXCHANGE RELEASE 7.10.2005 at 1.30 p.m.


TECHNOPOLIS SIGNS MEMORANDUM OF UNDERSTANDING WITH CITY OF ST.
PETERSBURG

Technopolis Plc has signed a memorandum of understanding with the
City of St. Petersburg on the establishment of a technology center
in St. Petersburg. Under the memorandum of understanding, which is
valid until June 30, 2006, the City of St. Petersburg will, among
other things, look into the possibilities to provide Technopolis
with land suitable for technology center operations.

Technopolis will undertake a feasibility study immediately. The
parties next intend to draw up an investment contract on the
project.


Oulu, October 7, 2005

TECHNOPOLIS PLC


Pertti Huuskonen
President and CEO

For further information, please contact:
Pertti Huuskonen, tel. +358 400 680 816 or +358 8 551 3213

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