Technopls Ventures Ltd. — Earnings Release 2014

Feb 10, 2015

Technopolis Group Financial Statements for 2014

Technopolis Group Financial Statements for 2014

TECHNOPOLIS PLC FINANCIAL STATEMENTS RELEASE February 10,
2015 at 8:15 a.m.

Technopolis Group Financial Statements for 2014

Profitable Growth Continued in 2014

• Net sales up by 28.0% to EUR 161.7 (126.3) million
• EBITDA up 35.9% to EUR 87.2 (64.1) million
• Financial occupancy rate rose to 94.7 (93.6) %
• Earnings per share were EUR -0.15 (0.30) , including changes in fair value
  and unrealized exchange rate losses
• Fair values were down EUR 40.5 (-17.6) million
• Unrealized exchange rate losses totaled EUR -22.1 (-5.7) million
• Direct result (EPRA) grew 38.1% to EUR 55.9 (40.5) million
• Direct result per share (EPRA) was EUR 0.53 (0.47)
• Net asset value per share (EPRA) was EUR 4.52 (4.94)
• The Board of Directors proposes a dividend of EUR 0.15 per share

The acquisitions completed in 2013 and investments in campus expansions
accelerated growth significantly, boosting net sales by 28.0%. Technopolis has
been able to control its costs, with expenses growing 16.9% compared to EBITDA
growth of 35.9%. EBITDA included non-recurring expenses of EUR 1.2 (2.3)
million.

                                    10-12/  10-12/  1-12/  1-12/

Key Indicators 2014 2013 2014 2013
Net sales, EUR million 41.4 34.7 161.7 126.3

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EBITDA, EUR million 21.9 16.9 87.2 64.1
Operating profit, EUR million -3.5 11.6 42.9 43.9
Net result for the period, EUR million -28.0 15.9 -3.0 31.6
Earnings/share EUR -0.29 0.16 -0.15 0.30
Cash flow from operations/share, EUR 0,63 0.53
Equity ratio, % 38.5 40.2
Equity/share, EUR 4.17 4.66

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EPRA-based 10-12/ 10-12/ 1-12/ 1-12/
Key Indicators 2014 2013 2014 2013

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Direct result, EUR million 16.7 11.2 55.9 40.5
Direct result/share, EUR 0.16 0.13 0.53 0.47
Net asset value/share, EUR 4.52 4.94
Net rental yield, % 7.5 7.6
Financial occupancy rate, % 94.7 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 performed well despite the challenges of 2014, and recorded
healthy operational earnings. We saw a significant increase in our net sales
and EBITDA, and our occupancy rate rose. Our EPRA-based net result, which only
contains operational items, grew 38.1%. What's more, our EBITDA margin rose
from 50.7% in the last year to 53.9% thanks to effective cost control.

The decline in our IFRS-based earnings resulted from a EUR 40.5 million
decrease in the fair value of investment properties and EUR 22.1 million in
unrealized exchange rate losses, coming primarily from the devaluation of the
Russian ruble. Russian business operations account for 4% of the company's
balance sheet.

The equity ratio fell by 1.7 % year-on-year, primarily due to weaker
currencies. Despite the fall, our equity ratio was 38.5%, remaining well above
the 35% target set by the Board.

In 2014, we focused on operational efficiency enhancement and on the
integration of campuses acquired in 2013. We were able to raise the occupancy
rate of the Peltola campus in Oulu from 54% at the point of acquisition to 90%.
In Vilnius, a high occupancy rate and our customers' expansion requirements
offer excellent opportunities to invest in further expansion this year. In
Oslo, we did more than 12,000m² in new agreements, including 5,400m² in new
leases. The Falcon Business Park acquired in Espoo, Finland, was renamed
Innopoli 3 and successfully integrated into the Otaniemi Campus.

The Technopolis concept is effective and replicable, as demonstrated by
successful integration and higher EBITDA margins. It has enabled us to achieve
strong financial occupancy rates in Finland, and robust growth outside the
country.

We will continue to invest in international growth. That said, all new
investments will still need to meet strict investment criteria, and we will
continue to focus sharply on profitability.”

Full version of Technopolis Plc's financial statements release for 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 47,000 employees in Finland, Norway, Estonia, Russia and Lithuania. The
Technopolis Plc share (TPS1V) is listed on NASDAQ OMX Helsinki.

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