TECHNOPOLIS GROUP INTERIM REPORT JANUARY 1 – SEPTEMBER 30, 2009

TECHNOPOLIS PLC    INTERIM REPORT       October 29, 2009 at 11.45 a.m.          

TECHNOPOLIS GROUP INTERIM REPORT JANUARY 1 - SEPTEMBER 30, 2009                 

Highlights for the period 1 - 9/2009 compared with 2008 equivalent              
- Net sales reached EUR 56.7 million (EUR 53.0 million), an increase of 7.0%    
- EBITDA rose 7.0% to EUR 30.0 million (EUR 28.1 million)                       
- The direct result rose 28.7% to EUR 15.6 million (EUR 12.2 million)           
- The operating loss was EUR 1.5 million (operating profit EUR 25.9 million),   
mainly due to a fall of EUR 31.1 million (EUR -1.3 million) in the fair value of
investment properties and properties under construction                         
- The loss before taxes was EUR 10.8 million (profit before taxes EUR 15.9      
million) and included a negative impact of EUR 31.1 million (EUR −1.3 million)  
in the fair value of investment properties and properties under construction    
- Diluted earnings per share EUR −0.14 (EUR 0.23)                               
- The financial occupancy rate was 94.3% (96.4%)                                
- The Group's equity ratio was 38.0% (41.4%).                                   

Keith Silverang, President and CEO:                                             

“Technopolis' operations made satisfactory progress during the reporting period.
The recession appears to have leveled off for the time being and we have seen   
signs of recovery.                                                              

The downturn has had an unfavorable impact on the company's net sales during the
reporting period, but the financial occupancy rate has stopped declining. The   
Group's financial occupancy rate was at the same level as at the end of the     
second quarter, i.e. 94.3%. However, cost-cutting measures launched in 2008 have
helped the company safeguard its profitability, which is reflected in the       
improvement in its direct result and EBITDA on the previous period.             

The increase in yield requirements has slowed down during the third quarter. The
fair values of investment properties and properties under construction have     
continued to fall during the third quarter, but more moderately than before.    

So far Technopolis has come through the financial crisis satisfactorily. At the 
end of the reporting period, the average interest rate of the Group's loan      
portfolio was 2.72%. With its current credit facilities of EUR 205.0 million,   
the Group can meet the funding needs of its approved investments. Despite the   
increase in loan spreads, the Group's interest expenditure has fallen below the 
expected level because of the general decline in interest rates, which, for its 
part, has contributed to the Group's profitability.”                            

Business Conditions in Finland and St. Petersburg                               

The financial market has normalized to a great extent during the summer, even   
though credit margins remain higher than a couple of years ago. The problems of 
the real economy will, however, have a delayed impact on the property market.   
But it is to be expected that the downward trend in the financial situation of  
tenant companies will result in an increase in vacancy rates, and rents may come
down slightly in 2009 (Source: Catella September 30, 2009).                     

The employment situation is expected to deteriorate during the next year.       
Tenants have, in some areas, requested short-term rent reductions, pointing to  
the weakness of the economy. The vacancy rates of premises, particularly        
offices, are expected to rise. With increasing supply, the upward trend in      
rental levels will come to a halt and may turn downward, at least to some       
extent. Cautious optimism about the economy has been reflected in the property  
market in that the rise in yield requirements has slowed down. (Source: Catella 
September 30, 2009).                                                            

The downturn continued in the St. Petersburg office market, although a small    
upturn has been visible during the third quarter. The demand for office space   
comes mostly from companies moving to modern premises from their existing,      
inefficient offices. As in the past, the percentage of new tenants entering the 
market remained low. The oversupply has resulted in further decreases in rent   
levels. Tenants are requesting lower rents and looking for smaller offices.     
(Amplion, October 14, 2009).                                                    

The deterioration of the global business conditions can be seen in changes in   
the demand for operating environments among technology clients in Technopolis'  
operating sectors. In accordance with its concept, Technopolis offers suitable  
and flexible operating environment solutions even in times of recession. The    
Group's financial occupancy rate has fallen but it remained at the reasonable   
level of 94.3% at the end of the reporting period (having been 96.4% on         
September 30, 2008).                                                            

Operations                                                                      

The Technopolis Group has defined the operating segments required under IFRS 8, 
which took effect at the beginning of 2009. There are two operating segments    
based on geographic units: Finland and Russia. The segment division is based on 
the Group's existing internal reporting procedures and the organization of the  
Group's operations. The Group has presented segment reports from the beginning  
of the current year.                                                            

The Group's net sales for the reporting period reached EUR 56.7 million (EUR    
53.0 million in 2008), an increase of 7.0%. Of this, rental revenue accounted   
for 85.4% (81.8%) and service revenue for 14.6% (18.2%). The reduction in the   
relative proportion of service revenue was mainly due to the discontinuation of 
the Consulting Unit in the fall of 2008. The Group's Business Development       
Services helped clients in obtaining EUR 19.0 million worth of risk capital.    
Rental revenue from comparable sources showed no increase. Like for like rental 
growth, i.e. the comparable development of rental revenue, was calculated by    
comparing the rental revenue for the period 1-9/2009 with the corresponding     
period in 2008. In order to be comparable, the figures do not include properties
commissioned or acquired during the year. EBITDA for the period was EUR 30.0    
million (EUR 28.1 million), an increase of 7.0%.                                

The Group's operating loss was EUR 1.5 million (profit EUR 25.9 million) which  
included a loss of EUR 31.1 million (EUR -1.3 million) in the fair value of     
investment properties and properties under construction. The decline in the     
operating profit was due to a drop in the fair value of investment properties   
caused by rising yield requirements. This drop had no impact on the net sales,  
EBITDA or cash flow. Decreases in the fair market values have a negative impact 
on the Group's equity ratio.                                                    

The Group's net financial expenses totaled EUR 9.3 million (EUR 10.0 million).  
The Group's loss before taxes was EUR 10.8 million (profit EUR 15.9 million).   

From the beginning of the current year, the company presents its direct result, 
which provides a more accurate picture of the company's operational financial   
performance. The Group's direct result was EUR 15.6 million (EUR 12.2 million), 
an increase of 28.7%. The direct result shows the company's result for the      
fiscal period excluding changes in the fair market values of investment         
properties and financial instruments during the period, any non-recurring items 
and tax effects relating to the above-mentioned items.                          

Total assets in the balance sheet were EUR 691.7 million (EUR 659.0 million), an
increase of 5.0%. The Group's equity ratio at the end of the period was 38.0%   
(41.4%).                                                                        

The fair value of the Group's finished investment properties at the end of the  
period was EUR 596.4 million (EUR 576.2 million). From January 1, 2009, the     
company has complied with the amended IAS 40 standard, under which investment   
properties under construction recognized in tangible assets must also be        
measured at fair value, provided that fair value can be reliably determined. The
fair value of investment properties under construction was EUR 40.0 million at  
the end of the period. The amendment to the standard was not applied            
retroactively. The negative earnings impact of the change in the fair values of 
investment properties and properties under construction was EUR 31.1 million    
(EUR -1.3 million) during the period. The negative change in the fair value is  
mainly due to the increased market yield requirements.                          

Yield requirements are calculated by means of analyses done by two independent  
appraisal agencies for each individual region. The yields are calculated by     
taking the average of the upper and lower ranges reported by these              
organizations. On September 30, 2009, the average net yield requirement for     
Group properties was 8.02% (7.47% on September 30, 2008). An average occupancy  
rate of 95.4% was projected for the calculation of the fair values over a       
ten-year time frame. The Group's targets concerning the actual occupancy rates  
are higher than this. Over the period from 2000 to 2008, the Group's average    
occupancy rate was 97.5%.                                                       

The Group's total rentable space was 456,738 square meters at the end of the    
period (429,036 square meters on September 30, 2008). The Group's average       
financial occupancy rate at the end of the period was 94.3% (96.4%). The        
financial occupancy rate depicts rental revenues from the properties as a       
percentage of the aggregate of market rents for occupied premises and the       
estimated market rent for vacant space. At the end of the reporting period, the 
lease portfolio held by the Group totaled EUR 122.5 million (EUR 117.7 million).

Group Structure                                                                 

The Technopolis Group includes the parent company, Technopolis Plc, which has   
operations in Espoo, Helsinki, Jyväskylä, Kuopio, Lappeenranta, Oulu, Tampere   
and Vantaa, and its subsidiaries Innopoli Ltd and Kiinteistö Oy Innopoli II,    
both wholly owned and both in Espoo, as well as other subsidiaries.             

Technopolis has two Russian companies in St. Petersburg, Technopolis Neudorf LLC
and Technopolis St. Petersburg LLC, both wholly owned by Technopolis.           

The parent company has a non-controlling interest in the affiliated companies   
Kiinteistö Oy Hermia (49.3%), Technocenter Kempele Oy (48.5%), Kiinteistö Oy    
Bioteknia (28.5%), Iin Micropolis Ltd (25.7%), Jyväskylä Innovation Ltd (24%),  
Kuopio Innovation Ltd (24%), and Lappeenranta Innovation Ltd (20%). Technopolis 
Plc has a 13% holding in Oulu Innovation Ltd.                                   

The Group also includes Technopolis Ventures Ltd in Espoo, which is wholly owned
by Innopoli Ltd. Technopolis Ventures Ltd owns the subsidiaries Technopolis     
Ventures Lappeenranta Ltd (100%), Technopolis Ventures Jyväskylä Ltd (100%),    
Technopolis Ventures Oulu Ltd (100%), Technopolis Ventures Professia Ltd in     
Tampere (50.1%), and Technopolis Ventures Kuopio Ltd (100%). Since the end of   
the reporting period, Technopolis Ventures Ltd has acquired the entire share    
capital of Technopolis Ventures Professia Ltd. The local subsidiaries of the    
Group's development services unit, Technopolis Ventures Ltd, are to be merged   
with their parent company Technopolis Ventures Oy. After the reporting period,  
Technopolis Ventures Ltd has acquired the entire share capital of Technopolis   
Ventures Professia Ltd. The Technopolis Group also has a 35% holding in Otaniemi
Development Ltd.                                                                

Major Investments and Development Projects                                      

A decision was made in April 2008 to start Phase 1 of the Hermia 15 building in 
Tampere. The cost of this 11,790-square-meter project is EUR 14.5 million, which
includes a parking facility for 300 vehicles. The Phase 1 premises have been    
fully let. Phase 1 was brought to completion in August 2009.                    

Construction of Phase 1 of the Yliopistonrinne project in downtown Tampere was  
started in June 2008. The new technology center will be located on a plot of    
land bought from the City of Tampere earlier in January, next to the University 
of Tampere. The price of the plot was EUR 5.6 million. The estimated total cost 
of the 19,200-square-meter project is EUR 33.3 million, which includes a parking
facility for 130 vehicles. The project is due for completion in March 2010 with 
89% of the Phase 1 facilities already pre-let so far.                           

Technopolis is building an eye center in Tampere for the Joint Municipal        
Authority of the Pirkanmaa Hospital District in a new building being developed  
by Technopolis on the wellbeing and healthcare campus in the Finn-Medi district.
The Hospital District will rent the facilities from Technopolis Plc which is in 
charge of the construction project. The term of the lease is 20 years.          

The design and construction planning for the project will continue during the   
fall and the final decision on construction start will be taken in spring 2010. 
The estimated cost of the project is EUR 14.2 million. The operations of the    
4,800-square-meter facility can start in early 2012.                            

Construction of Phase 1 of the Pulkovo technology center in St. Petersburg has  
begun. The new center is being constructed on a plot owned by Technopolis St.   
Petersburg LCC near Pulkovo International Airport. The estimated cost of the    
24,100-square-meter building is about EUR 50 million. The roof raising ceremony 
for the phase was held on August 27, 2009, and work is proceeding according to  
plan. By the end of the reporting period, a total of EUR 32.9 million had been  
committed to the operations in St. Petersburg.                                  

The market situation in St. Petersburg is extremely challenging, but there is   
reasonable demand. Negotiations on significant amounts of space are being       
conducted with numerous potential customers. However, it is difficult to        
forecast the timing for when new leases will be signed. In Russia, the normal   
market practice is to sign leases only upon completion of the projects. However,
the first binding pre-lease for the Pulkovo project has been signed. The project
is due for completion in the spring of 2010 with 3% of the Phase 1 facilities   
let so far.                                                                     

As part of a program to improve operational efficiency, Technopolis launched a  
project to develop its management information systems. The new MIS system is to 
be deployed in April 2010. The external costs of the development project will   
amount to EUR 0.9 million.                                                      

Stock-Related Events                                                            

The company's share capital stands at EUR 96,913,626.29, with 57,345,341 shares 
outstanding.                                                                    

The company has not received any notices of changes in ownership during the     
reporting period.                                                               

Financing                                                                       

With its current credit facilities, Technopolis can finance all Board approved  
investments. At the end of the period, Technopolis had available EUR 205.0      
million in untapped binding credit facilities and loans, and cash amounting to  
EUR 2.2 million. Of the long-term unused credit facilities, EUR 70.0 million is 
credit extended by the European Investment Bank to Technopolis for future       
expansion projects in Finland. Technopolis has a EUR 90 million domestic        
commercial paper program for managing its short-term liquidity, which allows the
company to issue commercial paper with maturities of less than one year. At the 
end of the period, there was no commercial paper outstanding. Technopolis also  
has a EUR 15.0 million checking account credit line which was not in use at the 
end of the reporting period.                                                    

The Group's net financial expenses totaled EUR 9.3 million (EUR 10.0 million).  
The Group's interest coverage ratio was 3.6 (2.4). The interest coverage ratio  
indicates the ratio between EBITDA and accrual-based interest expenses.         

The Group's total assets as indicated in the balance sheet were EUR 691.7       
million (EUR 659.0 million).Liabilities totaled EUR 430.7 million (EUR 387.7    
million). The Group's equity ratio was 38.0% (41.4%). At the end of the period, 
the Group's net gearing was 143.3% (118.8%). The Group's equity per share was   
EUR 4.55 (EUR 4.73).                                                            

The Group's interest-bearing liabilities at the end of the reporting period were
EUR 376.2 million (EUR 333.9 million). On September 30, 2009, the average       
interest rate on interest-bearing loans was 2.72% (5.08%). At the end of the    
reporting period, 70.8% (72.7%) of the interest-bearing loans were pegged to the
3 to 12-month Euribor rates with 29.2% (27.3%) being fixed-rate loans with a    
maturities of 13 to 60 months. The average principle-weighted loan period was   
10.3 years (10.5 years).                                                        

The Group's loan to value, i.e., the ratio of interest-bearing liabilities to   
the fair value of investment properties and properties under construction, was  
58.4% (55.1%).                                                                  

The Group has interest-bearing liabilities from credit institutions worth EUR   
337.9 million, of which EUR 75.5 million is tied to equity-ratio covenants. With
these loans, any decline in the equity ratio may lead to higher interest rate   
margins or in a few cases premature repayment. The margins of some loans and    
bank guarantees may rise with lower equity ratios as shown in the table below.  

--------------------------------------------------------------------------------
| Principal of    | Spread     | Equity  | Equity   | Equity   | Other         |
| loan (L) or     | %          | ratio   | ratio    | ratio    |               |
| bank            | 9/30/2009  | under   | under    | under    |               |
| guarantee (BG), |            | 38%     | 33%      | 30%      |               |
| €m              |            |         |          |          |               |
--------------------------------------------------------------------------------
| 10.0 (L)        | 0.65       |         |          | 0.85     |               |
--------------------------------------------------------------------------------
| 4.1 (L)         | 0.65       |         | 0.70     | 1.00     |               |
--------------------------------------------------------------------------------
| 20.0 (L)        | 1.50       | 1.50    | 1.75     | 2.00     | The spread is |
|                 |            |         |          |          | 1.00% as of   |
|                 |            |         |          |          | October 1,    |
|                 |            |         |          |          | because       |
|                 |            |         |          |          | equity ratio  |
|                 |            |         |          |          | is 38%        |
--------------------------------------------------------------------------------
| 1.4 (L)         | 0.45       |         |          |          | Spread may be |
|                 |            |         |          |          | changed or    |
|                 |            |         |          |          | loan          |
|                 |            |         |          |          | terminated if |
|                 |            |         |          |          | equity ratio  |
|                 |            |         |          |          | falls under   |
|                 |            |         |          |          | 28%           |
--------------------------------------------------------------------------------
| 10.0 (BG)       | 0.40       |         |          | 0.60     |               |
--------------------------------------------------------------------------------
| 20.0 (BG)       | 0.265      | 0.35*)  |          | 0.65     | *) Covenant   |
|                 |            |         |          |          | validity      |
|                 |            |         |          |          | begins        |
|                 |            |         |          |          | 12/8/2013     |
--------------------------------------------------------------------------------
| 10.00 (BG)      | 0.9        |         | 1.00     | 1.5      |               |
--------------------------------------------------------------------------------


Bank guarantees in the amount of EUR 76.0 million have been given as security   
for the EUR 75.0 million in loans granted by the European Investment Bank. EUR  
20.0 million of these guarantees will expire by the end of 2013 and the plan is 
to extend them. Significant increases in loan margins may occur if and when     
these bank guarantees are extended.                                             

Of the existing interest-bearing loans, a total of EUR 26.2 million will mature 
during the 12-month period following the reporting period.                      

Financing for the Pulkovo construction project in Russia has been arranged via  
funding acquired by the parent company, which is converted into long-term loans 
and shareholders' equity in compliance with Russian thin-capitalization rules.  

Organization and Personnel                                                      

The President and CEO of Technopolis is Keith Silverang, MBA. Mr. Silverang has 
dual U.S. and Finnish citizenship. He took his undergraduate degree at Boston   
University and an MBA at the Helsinki School of Economics. Mr. Reijo Tauriainen 
serves as the Deputy CEO of the company.                                        

The Executive Board comprises President and CEO Keith Silverang, Finnish Country
Manager and CFO Reijo Tauriainen, Director of Tampere operations and Business   
Services Satu Eskelinen, Chief Development Officer Jukka Akselin, Chief Sales   
Officer Seppo Selmgren, and Chief Development Services Officer Will Cardwell.   

The Technopolis line organization now consists of three units: Finland, Russia  
and New Markets. The Group organization also has matrix support functions for   
its real estate development, business services, business development and        
operational support activities. The New Markets Unit has no net sales or        
operating profit and its expenses are included in administrative expenses.      

The Group employed an average of 152 (167) people during the period. There were 
61 (60) employees in real estate operations, 34 (38) in business services and 57
(69) in development services. At the end of the reporting period, the total     
number of Group personnel was 149 (181).                                        

Technopolis initiated mandatory labor negotiations within the Technopolis       
Ventures companies as required by the Finnish Act on Cooperation within         
Undertakings. The outcome of the negotiations may affect the employment status  
of 25 to 30 people. The potential impact on personnel can include termination of
employment, transfer of employees to other employers under government-funded    
programs, and internal transfers within Technopolis.                            

The reorganization of the Group's development services includes plans to merge  
the local Technopolis Ventures companies with their parent company, Technopolis 
Ventures Ltd. Sophisticated video conferencing systems and web-based            
technologies will enable the centralization of a significant amount of service  
development, production and delivery activities. Sales of service development   
will be organized locally through Technopolis' local business units. Plans are  
being developed to transfer most of the publicly funded non-profit programs to  
local public and private partners by the end of 2009.                           
Annual General Meeting                                                          

The Annual General Meeting of Shareholders (AGM) of Technopolis Plc was held on 
March 26, 2009. The AGM adopted the Group and Parent Company financial          
statements for fiscal year 2008 and released the company management from        
liability.                                                                      

The AGM decided to pay a dividend of EUR 0.12 per share as proposed by the      
Board. The dividend was to be paid to those shareholders who were registered by 
Euroclear Finland Oy on the record date March 31, 2009. The dividends were paid 
on April 7, 2009.                                                               

The Annual General Meeting decided to amend section 8 of the Articles of        
Association by specifying that notices of the AGM should be served no later than
three weeks before the AGM.                                                     

The number of members on the Board of Directors was confirmed at six. Teija     
Andersen, Jussi Kuutsa, Matti Pennanen, Timo Ritakallio and Erkki Veikkolainen  
were elected to the Board for a term ending at the conclusion of the next Annual
General Meeting. In addition to the above members, the Board includes Pertti    
Huuskonen, who was elected full-time Chairman of the Board by the AGM on March  
27, 2008, for a term that began on September 15, 2008, and will end with the    
conclusion of the 2010 Annual General Meeting. Matti Pennanen was elected Deputy
Chairman of the Board.                                                          

The Annual General Meeting decided that Pertti Huuskonen be paid compensation   
according to the decision made thereon by the AGM of March 27, 2008, and in     
compliance with the agreement made with Pertti Huuskonen, for the period        
beginning with the conclusion of the 2009 AGM and ending with the conclusion of 
the following AGM, taking into account, however, that the monetary compensation 
payable to Mr. Huuskonen will be reduced by 15 percent to EUR 288,150 in        
accordance with his own voluntary savings initiative.                           

The other members of the Board will be paid annual compensation as follows: EUR 
30,000 to the Deputy Chairman of the Board and EUR 25,000 to Board members. A   
further EUR 600 will be paid per meeting for participation in Board meetings.   
Travel costs will be reimbursed to Board members in accordance with the         
company's travel regulations.                                                   

The AGM further decided to authorize the Board to extend the compensation       
agreement made with Pertti Huuskonen by one year under the original terms so    
that it will end with the conclusion of the 2011 AGM. In accordance with the    
original terms of contract, the annual fee payable to the Chairman of the Board 
of Directors is EUR 339,000.                                                    

KPMG Oy Ab were appointed auditors for the Group, with Tapio Raappana, APA, as  
the auditor-in-charge. It was decided that the auditors be paid auditing fees on
the basis of reasonable invoicing.                                              

The Annual General Meeting authorized the Board of Directors to decide on       
purchasing the company's own shares as follows. The maximum number of shares to 
be acquired pursuant to this authorization is 5,700,000, which is equivalent to 
approximately 9.94% of the company's issued shares. Under the authorization, the
company's own shares may only be purchased using its unrestricted equity.       

The company's own shares may be purchased at a price arrived at in public       
trading on the date of acquisition or at a price otherwise determined by the    
market.                                                                         

The decision on how the shares are to be acquired will be made by the Board of  
Directors. Derivatives may be used for this purpose. Shares need not necessarily
be acquired in proportion to the current holdings of the existing shareholders  
(directed acquisition).                                                         

This authorization to purchase the company's own shares supersedes the          
authorization granted by the Annual General Meeting of March 27, 2008.          

The authorization will expire on September 26, 2010.                            

The AGM resolved to authorize the Board to decide on a share issue and on       
granting options and other special rights giving entitlement to shares as       
referred to in Chapter 10, section 1, of the Limited Liability Companies Act as 
follows.                                                                        

The maximum number of shares to be issued pursuant to this authorization is     
11,400,000, which is equivalent to approximately 19.88% of the company's issued 
shares.                                                                         

The Board of Directors will decide on all the terms of the share issue and on   
the granting of special rights giving entitlement to shares. The authorization  
concerns both the issuance of new shares and the conveyance of the company's own
shares. A share issue may be floated and special rights giving entitlement to   
shares granted in derogation to the pre-emptive right of shareholders (directed 
issue).                                                                         

This authorization supersedes the authorizations granted by the Extraordinary   
General Meeting of November 29, 2007, and by the Annual General Meeting of March
27, 2008, to decide on a share issue and on granting special rights giving      
entitlement to shares.                                                          

The authorization will expire on March 26, 2012.                                

At the AGM, the Board made the decision to amend its proposal referred to in the
notice of the meeting so that the number of shares to be issued pursuant to the 
authorization may not exceed 11,400,000, which is equivalent to 19.88% of the   
company's outstanding shares.                                                   

The AGM approved a share ownership plan for key personnel in the Technopolis    
Group.                                                                          

The purpose of the plan is to harmonize the goals of the owners and the key     
personnel in order to increase the company's value, to make the key personnel   
committed to the company and to offer them a competitive remuneration plan based
on share ownership.                                                             

The plan consists of three earning periods: the calendar years 2010, 2011 and   
2012. The Board of Directors will decide on the criteria and targets for each   
earning period in the December of the previous year. Rewards for the earning    
periods 2010, 2011 and 2012 will be paid in 2011, 2012 and 2013 partly in cash  
and partly in company shares. Shares may not be disposed of during a commitment 
period of two and a half years.                                                 

Maximum rewards payable under the plan correspond roughly to the value of some  
800,000 Technopolis Plc shares (including the proportion payable in cash).      


Evaluation of Operational Risks                                                 

The most significant risks in Technopolis operations are financial and client   
risks, as well risks related to operations in Russia.                           

The objective of interest rate risk management is to mitigate the negative      
impact of market rate fluctuations on the Group's earnings, financial position  
and cash flow. If necessary, the company will make use of forwards, interest    
rate swaps and interest rate options to hedge interest rate risks. Another aim  
of the company's interest rate risk policy is to diversify the interest rate    
risk of loan contracts over various loan periods on the basis of the market     
situation prevailing at any given time and the interest rate forecast created by
the company.                                                                    

It is indicative of the structure of Technopolis' loan portfolio at the end of  
the fiscal period that a one point change in money market rates would change    
interest rate costs by EUR 2.0 million per annum.                               

Because of the interest rate risk associated with loans, a policy of            
diversifying interest bases is pursued. On September 30, 2009, 70.8% of the     
company's interest-bearing liabilities were pegged to the 3-12 month Euribor    
rate. Of all interest-bearing liabilities, 29.2% were fixed-rate loans with     
maturities of 13 to 60 months.                                                  

The objective of refinancing risk management is to ensure that the Group loan   
portfolio is sufficiently diversified in terms of repayment schedules and       
financing instruments. The average principle-weighted outstanding loan period   
for interest-bearing liabilities was 10.3 years. In order to diversify financing
risk, Technopolis draws upon the resources of a wide range of financiers, makes 
use of a variety of financing instruments and maintains a high degree of        
solvency.                                                                       

Extended uncertainty on the financing market may affect the availability of     
growth financing and refinancing and their spreads in the future.               

The differences between Russian and Finnish legislation and administrative      
procedures may give rise to risks. If the premises cannot be let as planned, the
Pulkovo technology center will pose a financial risk to the Group. Once         
completed, Pulkovo will represent approximately 7% of the combined fair value of
the Group's investment properties.                                              

Fluctuations in the exchange rate between the Russian ruble and the euro may    
have an effect on the company's financial position and operations. Transactions 
denominated in rubles are recorded at the exchange rate applied on the          
transaction date. Any translation differences are entered in the income         
statement under other operating expenses or financial income and expenses       
depending on the nature of the transaction. The acquisition of land in St.      
Petersburg has been financed in the local currency, and the related exchange    
rate risk has been hedged using a currency swap.                                

The deterioration of general economic conditions, if prolonged, may have an     
adverse effect on the company's clients and hence on the Group's operations.    

Client risk management aims to minimize the negative impact of potential changes
in the client's financial position on the company's business and its financial  
performance. Client risk management focuses on a deep understanding of the      
business that the client is engaged in and on the active monitoring of client   
information. Client risks are diversified by acquiring clients from a broad     
cross-section of knowledge-intensive sectors, and the public sector. As part of 
client risk management, Technopolis leases include rental security arrangements.
All the properties have full-value insurance.                                   

Geographically, the Group's property portfolio is diversified across the        
Helsinki Metropolitan Area, Jyväskylä, Kuopio, Lappeenranta, Tampere, the Oulu  
region, and St. Petersburg. No single client accounts for more than 9% of the   
Group's net sales. All in all, the Group has some 1,190 clients operating in a  
wide range of sectors.                                                          

The company's leases fall into two categories: fixed-term and open-ended. The   
company aims to employ both types of lease depending on the market situation,   
the property involved and the tenant's business.                                

At the end of the period under review, the open-ended leases that could be      
terminated and renegotiated during the following 12 months covered a total of   
183,050 (227,467 as at December 31, 2008) square meters of space, or 45% (57%)  
of the entire property portfolio. The notice periods for these leases are as    
follows: three months or less 5% (24%); three to six months 27% (52%); six to   
nine months 52% (16%); and more than nine months 16% (8%) of the leases. At the 
end of the period, the average term of the leases was 23 (24) months.           

Any reduction in the financial occupancy rate may decrease rental and service   
revenues and so reduce the fair value of investment properties and,             
subsequently, the equity ratio. The current lease structure allows clients to   
adjust the premises they occupy flexibly as their businesses evolve. While the  
flexibility of the lease system poses a risk to the Group, it is an essential   
element of the Technopolis service concept.  The company has solid long-term    
experience of this business model over many business cycles.                    

In new building projects, Technopolis focuses on quality specifications and the 
management of the property's entire lifecycle. In the design phase, due         
consideration is given to all the maintenance and repair requirements in order  
to implement environmentally sustainable solutions for energy consumption, the  
adaptability of office facilities and recycling potential. When properties are  
bought, Technopolis carries out the standard property and environmental audits  
before finally committing itself to the transaction.                            

Changes in the market yield requirements may have a significant impact on       
financial performance. When the yield requirements increase, the fair values of 
properties fall. Conversely, when the yield requirements decrease, the fair     
values of properties increase. While the changes increase or decrease the       
company's operating profit, they do not affect its direct result, but they do   
have an impact on its equity ratio.                                             

Outlook                                                                         

Technopolis management assessed earlier this year that the demand for its       
facilities and services would decline in 2009. At that time, the management felt
there was a risk that the financial occupancy rate would fall, which could have 
an adverse impact on the company's net sales and EBITDA in 2009 and 2010. The   
current management view is that this risk has declined to some extent following 
the prevailing recovery of the economy, although there is still uncertainty with
respect to 2010.                                                                

The management believes that a general economic downturn, if protracted, would  
pose a challenge to the Group's growth targets. The company will continue to    
pursue measures aimed at safeguarding profitability even under difficult market 
conditions. The Group management expects the net sales and EBITDA to increase by
5% to 8% in 2009.                                                               

In accordance with its updated growth strategy, Technopolis' objective is to    
operate in all the leading Finnish knowledge-intensive cities as well as Russia 
and two to three other countries by 2014. The Group will aim at increasing its  
net sales at an average annual rate of 10%, with 25% of net sales being         
generated outside Finland by 2014. The company will target growth through both  
organic expansion and acquisitions. The Group's equity ratio target is 35%.     

The Group's financial performance is determined by the general macroeconomic    
trends, client operations, financial markets and market yield requirements for  
properties. Developments in these areas may affect the Group's financial        
performance through changes in occupancy rates, the use of services, financing  
costs, the fair values of properties and office rent levels.                    

Oulu, October 29, 2009                                                          

TECHNOPOLIS PLC                                                                 
Board of Directors                                                              

Keith Silverang                                                                 
President and CEO                                                               

Additional information:                                                         
Keith Silverang, tel. +358 40 566 7785                                          

A PDF version of this interim report is available at www.technopolis.fi. For a  
hardcopy version, please contact: tel. +358 8 551 3228 / Technopolis info.      

Technopolis provides an online information bulletin service that can be         
subscribed to on the company website. Subscribers will receive the company's    
information bulletins by email.                                                 

The accounting policies applied in the interim report and the formulas for      
calculating key indicators are basically the same as in the 2008 annual report. 
Since January 1, 2009, the company has applied the revised IAS 1 and IAS 40     
standards as well as the IFRS 8 regulations. The interim report has been        
prepared in accordance with the IFRS recognition and valuation principles; the  
IAS 34 requirements have also been complied with.                               

The Technopolis Group has two operating segments based on geographic units:     
Finland and Russia. The segment division presented in this interim report is    
based on the Group's existing internal reporting procedures and the organization
of the Group's operations. This is the first year when the Group is presenting  
the information on the operating segments complete with comparative data.       

Investment properties are valued in accordance with the fair value model. The   
company has complied with the amended IAS 40 standard, under which investment   
properties under construction must be measured at fair value, provided that fair
value can be reliably determined. The company has applied the amended standard  
since the beginning of 2009.                                                    

The figures are unaudited.                                                      

Technopolis Group:                                                              

--------------------------------------------------------------------------------
| STATEMENT OF   |        7-9/ |     7-9/ |  1-9/ |          1-9/ |      1-12/ |
| COMPREHENSIVE  |             |          |       |               |            |
| INCOME         |             |          |       |               |            |
--------------------------------------------------------------------------------
| Currency unit: |        2009 |     2008 |  2009 |          2008 |       2008 |
| EUR million    |             |          |       |               |            |
--------------------------------------------------------------------------------
| Net sales      |       18.58 |    18.16 | 56.74 |         53.04 |      72.57 |
--------------------------------------------------------------------------------
| Other          |        0.45 |     1.23 |  1.51 |          4.37 |       5.48 |
| operating      |             |          |       |               |            |
| income 1)      |             |          |       |               |            |
--------------------------------------------------------------------------------
| Other          |       -8.73 |    -9.25 | -28.2 |        -29.36 |     -41.07 |
| operating      |             |          |     1 |               |            |
| expenses       |             |          |       |               |            |
--------------------------------------------------------------------------------
| Change in fair |       -2.56 |     0.41 | -31.1 |         -1.32 |      -0.69 |
| value of       |             |          |     5 |               |            |
| investment     |             |          |       |               |            |
| properties     |             |          |       |               |            |
--------------------------------------------------------------------------------
| Depreciation   |       -0.13 |    -0.14 | -0.39 |         -0.82 |      -0.98 |
| 2)             |             |          |       |               |            |
--------------------------------------------------------------------------------
| Operating      |        7.62 |    10.40 | -1.50 |         25.92 |      35.31 |
| profit/loss    |             |          |       |               |            |
--------------------------------------------------------------------------------
| Financial      |       -3.04 |    -3.21 | -9.28 |        -10.01 |     -13.93 |
| income and     |             |          |       |               |            |
| expenses       |             |          |       |               |            |
--------------------------------------------------------------------------------
| Profit before  |        4.57 |     7.19 | -10.7 |         15.91 |      21.38 |
| taxes          |             |          |     8 |               |            |
--------------------------------------------------------------------------------
| Income taxes   |       -1.42 |    -2.02 |  2.56 |         -4.30 |      -5.53 |
--------------------------------------------------------------------------------
| Net profit for |        3.15 |     5.17 | -8.23 |         11.60 |      15.85 |
| the period     |             |          |       |               |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other          |             |          |       |               |            |
| comprehensive  |             |          |       |               |            |
| income items   |             |          |       |               |            |
--------------------------------------------------------------------------------
| Available-for- |        0.03 |     0.01 |  0.06 |         -0.02 |      -0.04 |
| sale financial |             |          |       |               |            |
| assets         |             |          |       |               |            |
--------------------------------------------------------------------------------
| Taxes related  |       -0.01 |     0.00 | -0.02 |          0.00 |       0.01 |
| to other       |             |          |       |               |            |
| comprehensive  |             |          |       |               |            |
| income items   |             |          |       |               |            |
--------------------------------------------------------------------------------
| Other          |        0.02 |     0.00 |  0.05 |         -0.01 |      -0.03 |
| comprehensive  |             |          |       |               |            |
| income items   |             |          |       |               |            |
| after taxes    |             |          |       |               |            |
| for the period |             |          |       |               |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Comprehensive  |        3.18 |     5.17 | -8.18 |         11.59 |      15.82 |
| income for the |             |          |       |               |            |
| period, total  |             |          |       |               |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Distribution   |             |          |       |               |            |
| of earnings    |             |          |       |               |            |
| for the        |             |          |       |               |            |
| period:        |             |          |       |               |            |
--------------------------------------------------------------------------------
| To parent      |        3.17 |     5.17 | -8.18 |         11.76 |      15.99 |
| company        |             |          |       |               |            |
| shareholders   |             |          |       |               |            |
--------------------------------------------------------------------------------
| To             |       -0.02 |     0.00 | -0.05 |         -0.15 |      -0.14 |
| non-controllin |             |          |       |               |            |
| g shareholders |             |          |       |               |            |
--------------------------------------------------------------------------------
|                |        3.15 |     5.17 | -8.23 |         11.60 |      15.85 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Distribution   |             |          |       |               |            |
| of             |             |          |       |               |            |
| comprehensive  |             |          |       |               |            |
| earnings for   |             |          |       |               |            |
| the period:    |             |          |       |               |            |
--------------------------------------------------------------------------------
| To parent      |        3.17 |     5.17 | -8.16 |         11.74 |      15.96 |
| company        |             |          |       |               |            |
| shareholders   |             |          |       |               |            |
--------------------------------------------------------------------------------
| To             |        0.01 |     0.00 | -0.02 |         -0.15 |      -0.14 |
| non-controllin |             |          |       |               |            |
| g shareholders |             |          |       |               |            |
--------------------------------------------------------------------------------
|                |        3.18 |     5.17 | -8.18 |         11.59 |      15.82 |
--------------------------------------------------------------------------------
| Earnings per share based on result of flows to the parent company        |   |
| shareholders:                                                            |   |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings/share,   |  0.06 |     0.10 |       -0.14 |   0.23 |       0.31 |   |
| basic (EUR)       |       |          |             |        |            |   |
--------------------------------------------------------------------------------
| Earnings/share,   |  0.06 |     0.10 |       -0.14 |   0.23 |       0.31 |   |
| adjusted for      |       |          |             |        |            |   |
| dilutive effect   |       |          |             |        |            |   |
| (EUR)             |       |          |             |        |            |   |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| BALANCE SHEET, ASSETS           |             |              |               |
--------------------------------------------------------------------------------
| Currency unit: EUR million      |   9/30/2009 |    9/30/2008 |    12/31/2008 |
--------------------------------------------------------------------------------
| Non-current assets              |             |              |               |
--------------------------------------------------------------------------------
| Intangible assets               |        2.03 |         2.02 |          2.02 |
--------------------------------------------------------------------------------
| Tangible assets                 |       50.28 |        31.62 |         37.94 |
--------------------------------------------------------------------------------
| Investment property             |      596.40 |       576.24 |        594.02 |
--------------------------------------------------------------------------------
| Investments                     |       25.90 |        26.02 |         26.70 |
--------------------------------------------------------------------------------
| Deferred tax assets             |        2.46 |         2.66 |          1.89 |
--------------------------------------------------------------------------------
| Non-current assets              |      677.07 |       638.57 |        662.57 |
--------------------------------------------------------------------------------
| Current assets                  |       14.63 |        20.47 |         20.99 |
--------------------------------------------------------------------------------
| Assets, total                   |      691.70 |       659.04 |        683.56 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| BALANCE SHEET, SHAREHOLDERS'    |             |              |               |
| EQUITY AND LIABILITIES          |             |              |               |
--------------------------------------------------------------------------------
| Currency unit: EUR million      |             |              |               |
--------------------------------------------------------------------------------
| Shareholders' equity            |             |              |               |
--------------------------------------------------------------------------------
| Share capital                   |       96.91 |        96.91 |         96.91 |
--------------------------------------------------------------------------------
| Premium fund                    |       18.55 |        18.55 |         18.55 |
--------------------------------------------------------------------------------
| Other funds                     |       63.93 |        63.82 |         63.82 |
--------------------------------------------------------------------------------
| Other shareholders' equity      |        0.43 |         0.43 |          0.55 |
--------------------------------------------------------------------------------
| Retained earnings               |       89.21 |        79.61 |         79.62 |
--------------------------------------------------------------------------------
| Net profit for the period       |       -8.18 |        11.76 |         15.99 |
--------------------------------------------------------------------------------
| Parent company's shareholders'  |      260.86 |       271.08 |        275.44 |
| interests                       |             |              |               |
--------------------------------------------------------------------------------
| Non-controlling interests       |        0.12 |         0.24 |          0.26 |
--------------------------------------------------------------------------------
| Shareholders' equity, total     |      260.98 |       271.33 |        275.70 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liabilities                     |             |              |               |
--------------------------------------------------------------------------------
| Non-current liabilities         |             |              |               |
--------------------------------------------------------------------------------
| Interest-bearing liabilities    |      349.95 |       312.80 |        329.84 |
--------------------------------------------------------------------------------
| Non-interest-bearing            |        1.28 |         1.41 |          1.38 |
| liabilities                     |             |              |               |
--------------------------------------------------------------------------------
| Deferred tax liabilities        |       32.75 |        37.92 |         38.11 |
--------------------------------------------------------------------------------
| Non-current liabilities, total  |      383.98 |       352.13 |        369.33 |
--------------------------------------------------------------------------------
| Current liabilities             |             |              |               |
--------------------------------------------------------------------------------
| Interest-bearing liabilities    |       26.21 |        21.11 |         20.43 |
--------------------------------------------------------------------------------
| Non-interest-bearing            |       20.53 |        14.47 |         18.10 |
| liabilities                     |             |              |               |
--------------------------------------------------------------------------------
| Current liabilities, total      |       46.74 |        35.59 |         38.53 |
--------------------------------------------------------------------------------
| Liabilities, total              |      430.72 |       387.71 |        407.86 |
--------------------------------------------------------------------------------
| Shareholders' equity and        |      691.70 |       659.04 |        683.56 |
| liabilities, total              |             |              |               |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| CASH FLOW STATEMENT             |         1-9/ |         1-9/ |        1-12/ |
--------------------------------------------------------------------------------
| Currency unit: EUR million      |         2009 |         2008 |         2008 |
--------------------------------------------------------------------------------
| Cash flow from operating        |              |              |              |
| activities                      |              |              |              |
--------------------------------------------------------------------------------
| Net profit for the period       |        -8.23 |        11.60 |        15.85 |
--------------------------------------------------------------------------------
| Adjustments:                    |              |              |              |
--------------------------------------------------------------------------------
|  Change in fair value of        |        31.15 |         1.32 |         0.69 |
|  investment properties          |              |              |              |
--------------------------------------------------------------------------------
|  Depreciation                   |         0.39 |         0.82 |         0.98 |
--------------------------------------------------------------------------------
|  Share in affiliate profits     |        -0.01 |        -0.01 |        -0.02 |
--------------------------------------------------------------------------------
| Other adjustments for non-cash  |         0.44 |         0.00 |         0.14 |
|  transactions                   |              |              |              |
--------------------------------------------------------------------------------
|  Financial income and expenses  |         9.29 |        10.02 |        13.95 |
--------------------------------------------------------------------------------
|  Taxes                          |        -2.56 |         4.30 |         5.53 |
--------------------------------------------------------------------------------
| Increase / decrease in working  |         2.89 |         1.04 |         0.24 |
| capital                         |              |              |              |
--------------------------------------------------------------------------------
| Interests received              |         0.38 |         0.49 |         1.24 |
--------------------------------------------------------------------------------
| Dividends received              |         0.01 |         0.01 |         0.01 |
--------------------------------------------------------------------------------
| Interests paid and fees         |        -8.79 |       -12.42 |       -16.41 |
--------------------------------------------------------------------------------
| Other financial items in        |        -2.41 |         0.06 |         0.46 |
| operating activities            |              |              |              |
--------------------------------------------------------------------------------
| Taxes paid                      |        -1.68 |        -1.67 |        -2.47 |
--------------------------------------------------------------------------------
| Net cash from operations        |        20.87 |        15.57 |        20.19 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow from investing        |              |              |              |
| activities                      |              |              |              |
--------------------------------------------------------------------------------
| Investments in other securities |        -0.02 |        -0.11 |        -1.11 |
--------------------------------------------------------------------------------
| Investments in investment       |       -44.93 |       -48.17 |       -70.21 |
| properties                      |              |              |              |
--------------------------------------------------------------------------------
| Investments in tangible and     |        -0.22 |        -0.16 |        -0.27 |
| intangible assets               |              |              |              |
--------------------------------------------------------------------------------
| Repayments of loan receivables  |         0.49 |         0.70 |         0.96 |
--------------------------------------------------------------------------------
| Gains from disposals of other   |         0.00 |         2.30 |         2.33 |
| investments                     |              |              |              |
--------------------------------------------------------------------------------
| Acquisition of subsidiaries     |        -0.10 |       -19.73 |       -22.21 |
--------------------------------------------------------------------------------
| Net cash used in investing      |       -44.78 |       -65.17 |       -90.51 |
| activities                      |              |              |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow from financing        |              |              |              |
| activities                      |              |              |              |
--------------------------------------------------------------------------------
| Increase in long-term loans     |        42.00 |        50.21 |        70.21 |
--------------------------------------------------------------------------------
| Decrease in long-term loans     |       -12.12 |       -10.89 |       -14.46 |
--------------------------------------------------------------------------------
| Dividends paid                  |        -6.88 |        -6.66 |        -6.60 |
--------------------------------------------------------------------------------
| Paid share issue                |              |        58.54 |        58.48 |
--------------------------------------------------------------------------------
| Repayments of capital leasing   |        -4.00 |       -31.18 |       -31.24 |
| receivables                     |              |              |              |
--------------------------------------------------------------------------------
| Change in short-term loans      |        19.01 |        60.02 |        76.39 |
--------------------------------------------------------------------------------
| Net cash from financing         |              |              |              |
| activities                      |              |              |              |
--------------------------------------------------------------------------------
|                                 |        -4.91 |        10.43 |         6.07 |
--------------------------------------------------------------------------------
| Net increase/decrease in cash   |         7.15 |         1.08 |         1.08 |
| assets                          |              |              |              |
--------------------------------------------------------------------------------
| Cash and cash equivalents at    |         2.24 |        11.51 |         7.15 |
| period-start                    |              |              |              |
--------------------------------------------------------------------------------
| Cash and cash equivalents at    |              |              |              |
| period-end                      |              |              |              |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| STATEMENT OF CHANGES IN   |        |         |          |         |          |
| EQUITY                    |        |         |          |         |          |
--------------------------------------------------------------------------------
| Currency unit:  |   Share | Premiu |   Other | Retained | Non-con | Sharehol |
| EUR million     | capital | m fund |   funds | earnings | trollin |    ders' |
|                 |         |        |         |          |       g |   equity |
|                 |         |        |         |          | shareho |          |
|                 |         |        |         |          |   lders |          |
--------------------------------------------------------------------------------
| EQUITY          |   74.54 |  18.55 |   27.38 |    86.29 |    0.40 |   207.17 |
| 12/31/2007      |         |        |         |          |         |          |
--------------------------------------------------------------------------------
| Share capital   |    0.01 |        |    0.01 |          |         |     0.02 |
| increase        |         |        |         |          |         |          |
--------------------------------------------------------------------------------
| Directed share  |   22.36 |        |   36.38 |          |         |    58.75 |
| issue           |         |        |         |          |         |          |
--------------------------------------------------------------------------------
| Dividend        |         |        |         |    -6.62 |         |    -6.62 |
| distribution    |         |        |         |          |         |          |
--------------------------------------------------------------------------------
| Comprehensive   |         |        |   -0.01 |    11.76 |   -0.15 |    11.59 |
| income for the  |         |        |         |          |         |          |
| period          |         |        |         |          |         |          |
--------------------------------------------------------------------------------
| Other changes   |         |        |    0.06 |     0.36 |         |     0.43 |
--------------------------------------------------------------------------------
| EQUITY          |   96.91 |  18.55 |   63.82 |    91.80 |    0.24 |   271.33 |
| 9/30/2008       |         |        |         |          |         |          |
--------------------------------------------------------------------------------
| Comprehensive   |         |        |   -0.01 |     4.23 |    0.02 |     4.23 |
| income for the  |         |        |         |          |         |          |
| period          |         |        |         |          |         |          |
--------------------------------------------------------------------------------
| Other changes   |         |        |    0.01 |     0.13 |         |     0.14 |
--------------------------------------------------------------------------------
| EQUITY          |   96.91 |  18.55 |   63.82 |    96.16 |    0.26 |   275.70 |
| 12/31/2008      |         |        |         |          |         |          |
--------------------------------------------------------------------------------
| Dividend        |         |        |         |    -6.88 |         |    -6.88 |
| distribution    |         |        |         |          |         |          |
--------------------------------------------------------------------------------
| Comprehensive   |         |        |    0.05 |    -8.18 |   -0.05 |    -8.18 |
| income for the  |         |        |         |          |         |          |
| period          |         |        |         |          |         |          |
--------------------------------------------------------------------------------
| Other changes   |         |        |    0.06 |     0.37 |   -0.10 |     0.34 |
--------------------------------------------------------------------------------
| EQUITY          |   96.91 |  18.55 |   63.93 |    81.47 |    0.12 |   260.98 |
| 9/30/2009       |         |        |         |          |         |          |
--------------------------------------------------------------------------------


Financial Information by Segment                                                

The Group's net sales or EBITDA do not include inter-segment items. Items after 
the EBITDA, such as depreciation, financing items and taxes, are not presented  
in the segment information because they are not allocated to segments.          

--------------------------------------------------------------------------------
| SEGMENT INFORMATION        |    7-9/ |    7-9/ |    1-9/ |    1-9/ |   1-12/ |
--------------------------------------------------------------------------------
| Currency unit: EUR million |    2009 |    2008 |    2009 |    2008 |    2008 |
--------------------------------------------------------------------------------
| Net sales                  |         |         |         |         |         |
--------------------------------------------------------------------------------
|   Finland                  |   18.50 |   18.12 |   56.54 |   52.90 |   72.43 |
--------------------------------------------------------------------------------
|   Russia                   |    0.10 |    0.07 |    0.24 |    0.20 |    0.27 |
--------------------------------------------------------------------------------
|   Unallocated              |   -0.01 |   -0.04 |   -0.05 |   -0.06 |   -0.13 |
--------------------------------------------------------------------------------
| Total                      |   18.58 |   18.16 |   56.74 |   53.04 |   72.57 |
--------------------------------------------------------------------------------
| EBITDA                     |         |         |         |         |         |
--------------------------------------------------------------------------------
|   Finland                  |   11.26 |   11.02 |   33.27 |   31.77 |   42.32 |
--------------------------------------------------------------------------------
|   Russia                   |   -0.07 |   -0.09 |   -0.35 |   -0.39 |   -0.54 |
--------------------------------------------------------------------------------
|   Unallocated              |   -0.89 |   -0.80 |   -2.89 |   -3.32 |   -4.80 |
--------------------------------------------------------------------------------
| Total                      |   10.30 |   10.13 |   30.03 |   28.05 |   36.98 |
--------------------------------------------------------------------------------
| Assets                     |         |         |         |         |         |
--------------------------------------------------------------------------------
|   Finland                  |         |         |  684.22 |  654.40 |  675.22 |
--------------------------------------------------------------------------------
|   Russia                   |         |         |   32.85 |   14.24 |   19.14 |
--------------------------------------------------------------------------------
|   Eliminations             |         |         |  -25.37 |   -9.60 |  -10.80 |
--------------------------------------------------------------------------------
| Total                      |         |         |  691.70 |  659.04 |  683.56 |
--------------------------------------------------------------------------------


Direct and Indirect Result                                                      

Technopolis presents its official financial statements by applying the IFRS     
standards. The statement of comprehensive income includes a number of items     
unrelated to the company's actual business operations. Therefore, this is the   
first year when the company presents its direct result, which better reflects   
its real result.                                                                

The direct result presents the company's financial result for the period        
excluding the change in the fair value of investment properties, the change in  
the fair value of financial instruments and any non-recurring items, such as    
gains and losses on disposals. As the company has interest rate and currency    
swaps that do not satisfy the IFRS criteria for hedge accounting, the changes in
the fair value of these financial instruments are recognized in the statement of
comprehensive income. Additionally, the statement of comprehensive income       
showing the direct result presents the related taxes and deferred tax assets and
liabilities.                                                                    

Items excluded from the direct result and their tax effects are presented in the
statement of income showing the indirect result. Earnings per share have been   
calculated both from the direct and indirect results in accordance with the     
instructions issued by the European Public Real Estate Association EPRA. The    
direct and indirect result and the earnings per share calculated from them are  
consistent with the company's financial result and earnings per share for the   
period.                                                                         

--------------------------------------------------------------------------------
| Technopolis Group     |          |          |          |          |          |
--------------------------------------------------------------------------------
| Currency unit: EUR    |     7-9/ |     7-9/ |     1-9/ |     1-9/ |    1-12/ |
| million               |          |          |          |          |          |
--------------------------------------------------------------------------------
| DIRECT RESULT         |     2009 |     2008 |     2009 |     2008 |     2008 |
--------------------------------------------------------------------------------
| Net sales             |    18.58 |    18.16 |    56.74 |    53.04 |    72.57 |
--------------------------------------------------------------------------------
| Other operating       |     0.37 |     1.23 |     1.41 |     3.39 |     4.45 |
| income                |          |          |          |          |          |
--------------------------------------------------------------------------------
| Other operating       |    -8.73 |    -9.25 |   -28.21 |   -29.36 |   -41.07 |
| expenses              |          |          |          |          |          |
--------------------------------------------------------------------------------
| Depreciation          |    -0.13 |    -0.14 |    -0.39 |    -0.39 |    -0.56 |
--------------------------------------------------------------------------------
| Operating profit/loss |    10.09 |     9.99 |    29.54 |    26.68 |    35.40 |
--------------------------------------------------------------------------------
| Finance income and    |    -2.92 |    -3.20 |    -8.84 |   -10.24 |   -15.19 |
| expenses, total       |          |          |          |          |          |
--------------------------------------------------------------------------------
| Result before taxes   |     7.17 |     6.79 |    20.70 |    16.44 |    20.21 |
--------------------------------------------------------------------------------
| Taxes for direct      |    -1.64 |    -2.03 |    -5.10 |    -4.44 |    -5.22 |
| result items          |          |          |          |          |          |
--------------------------------------------------------------------------------
| Non-controlling       |     0.02 |     0.00 |     0.05 |     0.15 |     0.14 |
| interests             |          |          |          |          |          |
--------------------------------------------------------------------------------
| Direct result for the |     5.55 |     4.76 |    15.64 |    12.16 |    15.12 |
| period                |          |          |          |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| INDIRECT RESULT       |          |          |          |          |          |
--------------------------------------------------------------------------------
| Non-recurring items   |     0.08 |     0.00 |     0.10 |     0.98 |     1.03 |
--------------------------------------------------------------------------------
| Change in fair value  |    -2.56 |     0.41 |   -31.15 |    -1.32 |    -0.69 |
| of investment         |          |          |          |          |          |
| properties            |          |          |          |          |          |
--------------------------------------------------------------------------------
| Non-recurring         |          |          |          |    -0.42 |    -0.42 |
| depreciation          |          |          |          |          |          |
--------------------------------------------------------------------------------
| Operating profit/loss |    -2.47 |     0.41 |   -31.05 |    -0.76 |    -0.08 |
--------------------------------------------------------------------------------
| Change in fair value  |    -0.12 |    -0.01 |    -0.44 |     0.23 |     1.25 |
| of financial          |          |          |          |          |          |
| instruments           |          |          |          |          |          |
--------------------------------------------------------------------------------
| Result before taxes   |    -2.59 |     0.40 |   -31.48 |    -0.54 |     1.17 |
--------------------------------------------------------------------------------
| Taxes for indirect    |     0.22 |     0.01 |     7.66 |     0.14 |    -0.30 |
| result items          |          |          |          |          |          |
--------------------------------------------------------------------------------
| Indirect result for   |    -2.38 |     0.41 |   -23.82 |    -0.40 |     0.87 |
| the period            |          |          |          |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Result for the        |     3.17 |     5.17 |    -8.18 |    11.76 |    15.99 |
| period, total         |          |          |          |          |          |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| Earning per share,    |          |         |           |          |          |
| diluted *)            |          |         |           |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| From direct result    |     0.10 |    0.10 |      0.27 |     0.24 |     0.29 |
--------------------------------------------------------------------------------
| From indirect result  |    -0.04 |    0.01 |     -0.42 |    -0.01 |     0.02 |
--------------------------------------------------------------------------------
| From net result for   |     0.06 |    0.10 |     -0.14 |     0.23 |     0.31 |
| the period            |          |         |           |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| *) Earnings per share calculated according to EPRA's instructions.           |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| KEY INDICATORS                   |        1-9/ |         1-9/ |        1-12/ |
--------------------------------------------------------------------------------
|                                  |        2009 |         2008 |         2008 |
--------------------------------------------------------------------------------
| Change in net sales, %           |         7.0 |         28.9 |         27.5 |
--------------------------------------------------------------------------------
| Operating profit/loss / net      |        -2.7 |         48.9 |         48.7 |
| sales, %                         |             |              |              |
--------------------------------------------------------------------------------
| Interest coverage ratio          |         3.6 |          2.4 |          2.2 |
--------------------------------------------------------------------------------
| Equity ratio, %                  |        38.0 |         41.4 |         40.5 |
--------------------------------------------------------------------------------
| Loan to value, %                 |        58.4 |         55.1 |         55.6 |
--------------------------------------------------------------------------------
| Group company personnel during   |         152 |          167 |          165 |
| the period, average              |             |              |              |
--------------------------------------------------------------------------------
| Gross expenditure on assets,     |      45 839 |      118 376 |      143 273 |
| EUR 1,000                        |             |              |              |
--------------------------------------------------------------------------------
| Net rental revenue of investment |         7.9 |          7.7 |          7.6 |
| properties, % 3)                 |             |              |              |
--------------------------------------------------------------------------------
| Financial occupancy rate, %      |        94.3 |         96.4 |         96.5 |
--------------------------------------------------------------------------------
| Earnings/share                   |             |              |              |
--------------------------------------------------------------------------------
| basic, EUR                       |       -0.14 |         0.23 |         0.31 |
--------------------------------------------------------------------------------
| diluted, EUR                     |       -0.14 |         0.23 |         0.31 |
--------------------------------------------------------------------------------
| Equity/share, EUR                |        4.55 |         4.73 |         4.80 |
--------------------------------------------------------------------------------
| Average issue-adjusted number of |             |              |              |
| shares                           |             |              |              |
--------------------------------------------------------------------------------
| basic                            |  57 345 341 |   50 245 014 |   52 029 796 |
--------------------------------------------------------------------------------
| diluted                          |  57 345 341 |   50 111 727 |   52 118 705 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| CONTINGENT LIABILITIES         |               |              |              |
--------------------------------------------------------------------------------
| Currency unit: EUR million     |     9/30/2009 |    9/30/2008 |   12/31/2008 |
--------------------------------------------------------------------------------
| Pledges and guarantees on own  |               |              |              |
| debt                           |               |              |              |
--------------------------------------------------------------------------------
| Mortgages of properties        |         345.3 |        261.9 |        261.9 |
--------------------------------------------------------------------------------
| Book value of pledged          |         161.3 |        165.5 |        162.4 |
| securities                     |               |              |              |
--------------------------------------------------------------------------------
| Other guarantee liabilities    |          12.9 |         46.8 |        13.24 |
--------------------------------------------------------------------------------
| Collateral given on behalf of  |          0.50 |         0.50 |         0.50 |
| associates                     |               |              |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Leasing liabilities, machinery |          2.30 |         1.03 |         0.94 |
| and equipment                  |               |              |              |
--------------------------------------------------------------------------------
| Project liabilities            |          0.15 |         0.02 |         0.21 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest rate and currency     |               |              |              |
| swaps                          |               |              |              |
--------------------------------------------------------------------------------
| Nominal values                 |        139.80 |       132.00 |       112.00 |
--------------------------------------------------------------------------------
| Fair values                    |          0.39 |         0.22 |         0.56 |
--------------------------------------------------------------------------------


1) Other operating income consists of operating subsidies received for          
development services; an equal amount is recorded under operating expenses for  
development services. The 2009 figures include non-recurring items of EUR 0.1   
million and the 2008 cumulative figures EUR 0.9 million.                        

2) The 2008 cumulative figures include non-recurring depreciation of EUR 0.4    
million.                                                                        

3) The figure does not include properties commissioned and acquired during the  
fiscal year.                                                                    

Distribution:                                                                   
Nasdaq OMX Helsinki                                                             
Major news media                                                                
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q3_interim_report_29.10.2009.pdf