The company intends to invest in the construction of the technopark based on
the Bonch-Bruevich Saint-Petersburg State University of Telecommunications

Within the framework of the on-going cooperation between Technopolis and
Russian Ministry of IT and Communications, Technopolis has signed the
cooperation agreement with the newly-established "St. Petersburg Technopark".
The agreement relates to future construction of the State University of
Telecommunications based IT science and technology park. OJSC "St. Petersburg
Technopark" has been set up to implement the state program "On creation of
high-tech technology parks on the territory of Russian Federation". Before,
Technopolis along with the Ministry of IT and communications, has been already
actively involved in implementation of particular parts of this program. 

Peter Coachman, Technopolis Director of Russian operations, underlines that the
carried out by Technopolis, in collaboration with the Ministry of IT and
Communications, technopark development pilot project for SUT allowed all
parties to define future growth direction, set priorities and determine
cooperation forms and principles for achieving a common target. "Now we have to
start implementing these ideas into reality", he emphasises. 

Evgeny Elin, General Director of St. Petersburg Technopark OJSC, points out
that the pilot IT science and technology park specializing in the sphere of
telecommunications and information technologies will be constructed in St.
Petersburg. "This project is going to be carried out within the framework of
the state program "On creation of high-tech technology parks on the territory
of Russian Federation", he adds. "The technology park complex will be situated
on the 43 hectares land plot immediately adjacent to the University, next door
to Dybenko underground station". 

Infrastructure costs will be an expense of both federal and municipal budgets,
whereas an operating environment for future technopark residents will be funded
by private investors. Pertti Huuskonen, President and CEO of Technopolis Plc
informs that Technopolis intends to create, in stages, not less than 100,000
square meters of first class operating environment for companies operating
mainly in computer technologies and telecommunications area. The total of all
investments into the project will be about USD 150 million. 

Leonid Rejman, Minister of Information technologies and communications believes
this technology park will make a substantial contribution to the country's
innovative development. 

The Bonch-Bruevich Saint-Petersburg State University of Telecommunications is
the leading technical educational institution of Russia and one of the oldest
technical schools training skilled specialists in the field of communications
and information technologies. Over 8,000 students study there. 

For additional information, please contact:

Technopolis Plc,
Pertti Huuskonen, President and CEO, tel. +358 400 680 816
Peter Coachman, Director of Russian operations, tel. +7 812 448 32 61

St. Petersburg Technopark OJSC,
Evgeniy Elin, General Director, tel. +7 812 920 13 88

In terms of the number of customer companies, Technopolis Plc is one of
Europe's largest technology centers. The Technopolis Group is Finland's largest
specialized provider of operating environments for high tech companies, and it
offers a comprehensive service package combining modern premises and business
and development services. Technopolis operates or is building centers in Espoo,
Helsinki, Jyväskylä, Lappeenranta, Oulu, Tampere and Vantaa in Finland and in
St. Petersburg in Russia.