A Game Changer. Acquisition of Fornebu Campus in Oslo signed October 11, 2013 Preparations to acquire Falcon Business Park in Otaniemi

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1 TECHNOPOLIS 2013

2 A Game Changer Acquisition of Fornebu Campus in Oslo signed October 11, 2013 Preparations to acquire Falcon Business Park in Otaniemi Fornebu Campus, Oslo EUR 220 million Falcon Business Park, Otaniemi EUR 78 million 2

3 Technopolis is Different A Nordic Baltic Approach We develop, own & operate dynamic, smart campuses Profitable growth, geographic diversification, chain thinking A focused real estate company with service DNA Multiuser facilities, shared, bundled services Hands-on sales & account management 3

4 Technopolis in the Numbers Key Figures Q2/2013 Rentable space, sqm thousands Total assets, EUR million 1,202 NAV per share, EUR 5.52 Market cap, EUR million (Oct 4) Net rental yield 7.50% Occupancy 92.70% Equity ratio 39.30% 4

5 Strategic Targets to 2016 Target Performance 2012 Net sales +15% p.a. 15.6% EBITDA +15% p.a. 17.3% International net sales EUR 50 million by 2016 ROCE >6% p.a. 5.7%* Equity Ratio >35% over the cycle 36.2% EUR 9.8 million Dividend policy avg. 1/3 of net income 50.6% of net income * Calculated from ERPA EBIT 5

6 Acquisitions in Figures Falcon Oslo Price with taxes, EUR million * # of buildings 4 3 Rentable space, sqm 26,300 70,500 Parking space 700 1,200 # of customers Market yield, % Initial yield, % Stabilized yield, % Financial occupancy, % 97** 90 Net sales in 2014, estimate, EUR million EBITDA in 2014, estimate, EUR million * EUR/NOK 8.19, Technopolis share 70% ** Includes rental guarantees 6

7 Funding the Acquisitions Both acquisitions 35% equity and 65% debt Falcon Oslo Total Equity, EUR million Debt, EUR million * EUR 100 million target in the rights issue Maximum amount of new shares 45,500,000 Syndicated loan from SEB, Nordea and Swedbank Q2/13 Technopolis had EUR million in credit lines EUR/NOK 8.19 foreign exchange rate used in Oslo * The total amount of loan will be in Technopolis Group figures 7

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9 Preparing Acquisition of Falcon Business Park Modern, flexible, multiuser campus next to Innopoli Indicative price EUR 77.5 million Signing expected in October, closing December Market yield appraised at 7.0%. Net initial yield app. 7.4%, expected stabilized yield 7.8% Total integrated campus 60,800 sqm 9

10 Expanding Technopolis Otaniemi Falcon Business Park Year of construction Type Rentable space 26,300 sqm Parking Three multi-user buildings and one single tenant building 700 parking spaces, 500 in an underground parking facility Value creation by boosting occupancy, service revenues and operational savings Otaniemi hot spot appreciating due to 2015 metro connection and expansion of Aalto University 10

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12 Oslo Acquisition in Brief Acquisition price is NOK 1,800 million (EUR 220 million 1 ) Market yield 6.4%. Expected initial yield 6.7%, stabilized yield is expected to exceed 7.7% Technopolis 70%, seller IT Fornebu Properties AS (ITFP) 30% A team of ten experienced professionals transferring from ITFP An option to acquire a plot with 15,000-25,000 sqm building rights 1) EUR/NOK 8.19 exchange rate 12

13 Norway: A Robust New Market Source: Bloomberg Low unemployment and a robust growth outlook 13

14 Fornebu: A Dynamic Hot Spot Known location for blue chips like Accenture, HP, Telenor, Statoil, Aker Solutions Norske Skog have their offices in Fornebu Significant rent upside in the Western fringe Upcoming residential & retail Metro is coming 14

15 An Excellent Location Terminal building, 36,700 sqm 1964/ Profil building, 5,200 sqm 2013 Portal building, 28,600 sqm 2009 IT Fornebu Year of construction Type Rentable space Parking 1964*-2013 Two multitenant buildings and one single tenant building 70,500 sqm 1,200 parking spaces in an underground parking facility Fornebu from north Attractive location in Fornebu, 6 km west of Oslo CBD minutes by road Good public transport connection as is and new metro in planning Plenty of residential and commercial development in the area * Fully refurbished

16 Low Vacancy in Fornbu Source: Akershus NOTE: CBD vacancy varies between 2.5% - 7.5% 16

17 A Strong Local Partner IT Fornebu Properties established in 1997 Owned mainly owned by Norwegian State and Norwegian property developers and investment companies Developed the Fornebu campus from the start with the aim of creating an innovation city Siva Eiendom, the largest shareholder of ITFP, is a state-owned institution which owns and develops science and industrial parks across Norway 17

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19 Limited Level of New Builds Source: Union Gruppen 19

20 Oslo Office Market Rents (NOK) Source: Akershus, JLL, Union Gruppe 20

21 [Photos of the Properties] 21

22 [Photos of the Properties] 22

23 [Photos of the Properties] 23