Technopls Ventures Ltd. — Earnings Release 2014

Oct 30, 2014

Technopolis Group Interim Report January 1 - September 30, 2014

Technopolis Group Interim Report January 1 - September 30, 2014

TECHNOPOLIS PLC INTERIM REPORT October 30, 2014 at 8:00 a.m.

Technopolis Group Interim Report January 1 - September 30, 2014

Profitable Growth Continued

Key figures 1-9/2014 compared with 1-9/2013

• Net sales up by 31.3% to EUR 120.3 (91.6) million
• EBITDA improved by 38.3% to EUR 65.3 (47.2) million
• Financial occupancy rate unchanged at 93.5 (92.0)%
• Earnings per share were EUR 0.14 (0.14), including changes in fair value and
  unrealized exchange rate losses
• Fair values down EUR -16.1 (-13.0) million
• Unrealized exchange rate losses totaled EUR -5.4 (-3.9) million
• Direct result (EPRA) rose 33.5% to EUR 39.2 (29.3) million
• Direct result per share (EPRA) was EUR 0.37 (0.35)
• Net asset value per share (EPRA) was EUR 4.89 (5.02)

The acquisitions completed in 2013 and investments in campus expansions
accelerated business growth significantly, resulting in net sales growth of
31.3%. Technopolis has been able to maintain cost effectiveness with EBITDA
growing 38.3% and expenses 20.9%.

                                    7-9/  7-9/   1-9/  1-9/  1-12/

Key Indicators 2014 2013 2014 2013 2013

Net sales, EUR million 40.3 30.8 120.3 91.6 126.3
EBITDA, EUR million 22.7 17.1 65.3 47.2 64.1
Operating profit, EUR million 16.0 9.9 46.4 32.3 43.9
Net result for the period, EUR million 8.2 5.1 25.0 15.6 31.6
Earnings/share, EUR 0.06 0.04 0.14 0.14 0.30
Cash flow from operations/share, EUR 0.47 0.37 0.53
Equity ratio, % 40.6 39.4 40.2
Equity/share, EUR 4.60 4.55 4.66

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Earnings and balance sheet figures per share have been share-issue adjusted.

EPRA-based 7-9/ 7-9/ 1-9/ 1-9/ 1-12/
Key Indicators 2014 2013 2014 2013 2013

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Direct result, EUR million 14.1 10.8 39.2 29.3 40.5
Direct result/share, diluted, EUR 0.13 0.13 0.37 0.35 0.47
Net asset value/share, EUR 4.89 5.02 4.94
Net rental yield, % 7.3 7.6 7.6
Financial occupancy rate, % 93.5 92.0 93.6

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The EPRA-based (European Public Real Estate Association) direct result does not
include unrealized exchange rate gains or losses or fair value changes.

Keith Silverang, CEO:

“Technopolis continued its solid performance in the third quarter with both net
sales and EBITDA showing significant growth while the balance sheet and
occupancy rate remained strong.

While the economic outlook in Finland remains sluggish and in Russia it is
weakening, the Baltic countries and Norway are seeing sustained, moderate
economic growth. In this situation, we need to focus sharply on customer
satisfaction, excellent service and a proactive sales strategy.

In the past, we have excelled in challenging conditions, whether the challenges
involved occupancies, customer satisfaction or financial performance. In St.
Petersburg, we have achieved major improvements in the occupancy rate and
rental rates of Pulkovo 2. Russian business operations account for 6% of the
company's portfolio. The occupancy rates in Vilnius and Tallinn are very high,
and we are poised for profitable growth going forward. In Finland, we have been
able to maintain our higher-than-market occupancy rate.

Our strategy focuses on international expansion, service business growth and
property portfolio development. Our objective is to lower the net sales
generated in Finland, currently approximately 70% of the total, and to seek
stronger international growth. In Finland, we will focus on campuses with high
growth potential. We will divest non-core properties in Finland - the 22,000 m²
Lentokentäntie property in Oulu, sold in September at fair value, being a case
in point.

We are confident that we will able to reach the financial targets set for this
year.”

Full version of Technopolis Plc's interim report January 1 - September 30, 2014
attached.

Additional information:
Keith Silverang
CEO
Tel. +358 40 566 7785

Distribution:
NASDAQ OMX Helsinki, main news media, www.technopolis.fi

About Technopolis:
Technopolis provides the best addresses for companies to operate and succeed in
five countries in the Nordic-Baltic region. The company develops, owns and
operates a chain of 20 smart business parks that combine services with flexible
and modern office space. The company's core value is to continuously exceed
customer expectations by providing outstanding solutions to 1,700 companies and
their 40,000 employees in Finland, Norway, Estonia, Russia and Lithuania. The
Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.

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