Stock Exchange Releases

Technopolis Ülemiste Enters into Agreement with Tax and Customs Board in Estonia

TECHNOPOLIS PLC   STOCK EXCHANGE RELEASE   December 15, 2011 at 14.00

Technopolis Ülemiste Enters into Agreement with Tax and Customs Board in Estonia

Technopolis Ülemiste AS, The Tax and Customs Board and Riigi Kinnisvara AS have entered today into a ten year lease agreement.  The Tax and Customs Board will lease 11,651 square meters at the Technopolis Ülemiste airport campus in Tallinn.

Technopolis Ülemiste is a subsidiary of Technopolis Plc which has a 51% holding in the company. Technopolis’ client is Riigi Kinnisvara AS. Kinnisvara is a real estate development and administration company owned by the state of Estonia. The company was established in 2001 to ensure efficient management of government property.

The total investment in the Löötsa buildings on the Technopolis Ülemiste airport campus is estimated to be around EUR 30 million of which EUR 7.5 million has been invested in the first phase. Technopolis Plc’s share of the total investment is in proportional to its 51% share of Technopolis Ülemiste AS. The final investment decision by Technopolis Plc will be carried out in January 2012. The rentable space totals approximately 24,650 square meters and the gross area 29,650 square meters. So far 50% of the facilities have been pre-let. The campus is scheduled for completion in October 2013.
Technopolis Plc

Keith Silverang
CEO
Phone +358 40 566 7785
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www.technopolis.fi