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Technopolis Creating Value Through Growth Investor meetings in Paris with Carnegie November 18, 2016 Technopolis Today Operator, developer and long- >120 21 term holder of office properties Buildings Campuses Expert in multi-user

SLIDE 1

Technopolis – Creating Value Through Growth

Investor meetings in Paris with Carnegie November 18, 2016

SLIDE 2

17.11.2016 2

Technopolis Today

Operator, developer and long- term holder of office properties Expert in multi-user environments DNA of a service provider 250 employees Total rentable area 800,000 m2 Market value EUR 500 million

>120

Buildings

21

Campuses

13

Cities

6

Countries

1,700

Customers

49,000

People

100%

Service Attitude THOUSANDS OF STORIES

SLIDE 3

17.11.2016 3

How We Create & Add Value

Acquiring, improving & developing undermanaged assets Deploying TP service concept, look & feel Deploying chain management Controlling the customer experience end-to-end Boosting OCR, rents, service revenues & customer satisfaction Expanding & developing the campus and its flexibility to full potential

SLIDE 4

TECHNOPOLIS COMPETITIVE ADVANTAGE

Value-Adding Services ƒ Cut the square meters ƒ Buy services on demand ƒ From cradle to grave ƒ 5-star service delivery Direct Customer Management ƒ In sales and marketing ƒ In service providing ƒ In property maintenance & management International chain advantages ƒ Branding advantages ƒ Increasing scale-driven efficiencies ƒ Rapid deployment of best practices ƒ Increasing Group-wide solution sales Cool, Flexible Workplaces ƒ Less m2/person ƒ Shared Infra & Services ƒ Flexible, scalable up & down ƒ Cool, fun & tribal ƒ Access to the whole network

The Technopolis Concept

This is Our DNA

SLIDE 5

17.11.2016 5

Technopolis Campus Network 2016

We Have Successfully Copy-Pasted our Concept

Oulu Vantaa Espoo Tampere Jyväskylä Kuopio Lappeenranta

St. Petersburg 2010

Helsinki Tallinn 2010 Vilnius 2013 Oslo 2013 Gothenburg 2016

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17.11.2016 6

Stable Occupancy Over Time

80% 85% 90% 95% 100%

Q4-2006 Q1-2007 Q2-2007 Q3-2007 Q4-2007 Q1-2008 Q2-2008 Q3-2008 Q4-2008 Q1-2009 Q2-2009 Q3-2009 Q4-2009 Q1-2010 Q2-2010 Q3-2010 Q4-2010 Q1-2011 Q2-2011 Q3-2011 Q4-2011 Q1-2012 Q2-2012 Q3-2012 Q4-2012 Q1-2013 Q2-2013 Q3-2013 Q4-2013 Q1-2014 Q2-2014 Q3-2014 Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

10 year average 94.4% Q3/16 92.7%

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17.11.2016 7

Office Vacancy in Helsinki Metropolitan Area

5 10 15 20 25 30 35 40

Ruoholahti Helsinki CBD Leppävaara Keilaniemi Aviapolis Otaniemi - Pohjois-Tapiola %

Source: Catella Property Oy 20,0 % 17,5 % 12,4 % 11,8 %

11,2 % 36,6 % Technopolis Innopoli 7,8% Technopolis Vantaa 7,4% Technopolis Ruoholahti 3,8%

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17.11.2016 8

Average Gross Rents &Yields in HMA

Vantaa Innopoli Ruoholahti HMA Total Average Gross Rent Q3/2016, Technopolis, eur/sq.m./mo 21,5 20,0 25,9 21,3 Average Gross Rent, Market Estimation*, eur/sq.m./mo 18,75 17,0 (Leppävaara) 22,5 Diff, eur/sq.m./mo +2,75 +3,0 +3,4

*Source: Catella Property Oy

Vantaa Innopoli Ruoholahti Yield level Q3/2016, Technopolis 6,9 7,05 6,975 (IP3 G) 6,1 Yield level Q2/2016, Market* 6,9 Leppävaara 6,4 Keilaniemi 5,9 5,7

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17.11.2016 9

Service Business Growth 10%

70.3 80.7 93.0 111.1 144.8 150.3 111.4 11.2 12.1 14.2 15.2 16.9 20.3 15.9 13.7% 13.0% 13.2% 12.0% 10.4% 11.9% 12.5% 0% 2% 4% 6% 8% 10% 12% 14% 16% 50 100 150 200 2010 2011 2012 2013 2014 2015 1-9/2016

Rental income Service income Services of net sales

EUR million

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17.11.2016 10

EPRA and Real Estate Figures

EPRA-based and Real Estate Indicators 2013 2014 2015 1-9/2016 Direct result, EUR million 40.5 55.9 55.0 39.9 Change, y/y, % 35.6 38.1

3.0 EPS (from direct result, undiluted) 0.47* 0.53* 0.45 0.33 Financial occupancy rate, % 93.6 94.7 94.6 92.7 Net rental yield, % 7.6 7.5 7.7 7.4 Fair value of competed investment properties, EUR million 1,410.4 1,378.4 1,426.0 1,652.9 Fair value changes, EUR million

17.6
40.5

1.3 0.7

* Not corrected with share issuein Sept 2016

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11 17.11.2016

EPRA EPS & Cash Flow from Operations / Share

0.34 0.38 0.47 0.53 0.52 0.33 0.41 0.5 0.53 0.63 0.6 0.43 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 2011 2012 2013 2014 2015 1-9/2016

EPRA EPS, EUR Cash flow from operations / share, EUR

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12 17.11.2016

Future Expansion Strategy

Our territory is the Nordic-Baltic region Focus is on value creation

Optimal strategic fit Best upside potential Healthy risk-adjusted yield

Divestitures in Finland to continue

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17.11.2016 13

2015-2020 Strategic Financial Targets

Average net sales and EBITDA growth 10% p.a. Service penetration 15% by 2020 for like-for-like real estate 5.5% return on capital employed p.a. Equity ratio above 35% over the cycle

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17.11.2016 14

Q3 Highlights

124 million euro rights issue was a success Net sales & EBITDA were up 3.5% year-on-year, excluding FX & non-recurring items Q3 occupancy 92.7% as expected Service income grew by 10.1%, penetration at 12.5% Cash flow from operations/ share EUR 0.43 (0.39) Equity ratio & LTV improving due to rights issue

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17.11.2016 15

Unit Occupancy

93.5% 90.6% 97.0% 97.2% 92.0% 96.2% 99.9% 100.0% 99.8% 77.0% 93.0% 84.4% 92.1% 93.5% 94.2% 92.8% 98.3% 100.0% 98.9% 100.0% 88.0% 70% 75% 80% 85% 90% 95% 100% Q3-2015 Q3-2016 Group Q3/16 92.7%

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17.11.2016 16

Financing

1-9/2016 2015 2014 Interest bearing debt, EUR million 991.2 864.8 841.9 Fixed rate, % 55.9 71.3 60.0 Average interest rate, % * 2.30 2.60 2.43 Capital weighted loan maturity, years 5.1 5.9 6.1 Interest cover ratio, % 4.7 4.3 4.8 Loan to value, % 58.7 58.8 59.7 Equity ratio, % 39.5 39.3 38.5 Cash and equivalents, EUR million 98.7 39.4 28.3

* Excluding the hybrid loan

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17.11.2016 17

The Rights Issue

Shares were offered in proportion to existing holding, subscription price EUR 2.40 per share Oversubscribed by 66% Net proceeds EUR 124.3 million Total number of shares increased to 158,793,662 Full impact on solvency indicators in Q1/2017 Equity ratio now 39.5% and LTV 58.7%. Both will continue to improve as excess liquidity is used to pay down debt.

SLIDE 18

17.11.2016 18

How We Will Use Rights Issue Proceeds

Strengthen balance sheet after Gårda acquisition Buy out Oslo minority shareholding Ruoholahti 3 & Lõõtsa 12 projects launched Organic growth project pipeline Future campus acquisitions

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17.11.2016 19

On September 30, 2016, the projects in progress totaled EUR 112.9 million

Area Name m² EUR million Stabilized yield, % * Financial OCR/ Pre -OCR, % Completion Tallinn Lõõtsa 5 9,200 17.0 8.8 100 1/2016 Tampere

Yliopist. 3&4

11,900 40.5 7.2 79.7 7/2016 Vilnius Delta 21,600 79.7 9.8 79.7 12/2016 Helsinki Ruoholahti 3 10,300 33.2 7.0 35.7 07/2018

Organic Growth Projects 1-9/2016

Projects in grey are not completed as per Sept 30, 2016 i.e. financial occupancy is pre-let rate. * Stabilized yield = estimated net operating income / cost

SLIDE 20

17.11.2016 20

Organic Growth Project Pipeline

Tallinn campus expansion (Lõõtsa 12) to be launched soon. Investment of EUR 19.7 million together with Mainor Organic expansion opportunities: HMA

Espoo Innopoli (35,000 m2) Helsinki Ruoholahti (21,400 m2) Vantaa Aviapolis (33,200 m2)

Tampere CBD (22,800 m2) Kuopio (40,800 m2) Jyväskylä (15,000 m2) Vilnius

Lõõtsa 12

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21 17.11.2016

Time of divestiture Sales price, EUR million Fair value, EUR million PKC house, Technocenter, Oulu 2011 0.8 0.8 Oulu others in total 2011-2016 12.5 12.5 Vapaudenaukio, Lappeenranta 2013 5.1 6.2 Kuopio business 40% 2015 126.2 113.7

Divestitures since 2011

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17.11.2016 22

Guidance for 2016 Unchanged

Technopolis expects its net sales and EBITDA in 2016 to remain at the same level (+/- 5%) as in 2015.

YliopistonrinneCampus in Tampere

SLIDE 23

17.11.2016 23

Technopolis Investment Story

Technopolis concept brings both higher yields & lower

perational risk

Proven track record of building & sustaining high

ccupancy

Consistently high rental yield relative to cost of capital Upside to build service revenue & earnings Effective end-to-end control of the customer experience Well positioned to exploit trend toward shared working life

SLIDE 24

www.technopolis.fi

Find us on: facebook.com/TechnopolisPlc twitter.com/TechnopolisPlc

Thank you

SLIDE 25

Appendices: Additional Data

SLIDE 26

17.11.2016 26

Leases

Lease stock, % of space Maturity in years Sept 30, 2016 2015 2014 <1 18 22 17 1-3 22 20 23 3-5 17 15 12 >5 15 19 22 Open-end leases 28 24 26

Av. lease term in months

35 36 39 Lease stock, EUR million 430.0 429.7 455.9

The ten largest customers let approximately 18.1 % of rented space and accounted for 16.5% of rental income. The single largest customer accounted for 4.0% of rented space and 2.2% of rental income.

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17.11.2016 27

Fair Value Changes 1-9/2016

EUR million

Market Yield Related Occupancy Assumption Modernization Other Changes * Projects in Progress Total Finland

13.7

1.5 Baltic Rim

3.7 3.9 4.3

Scandinavia

5.0 0.0

0.0 Total

22.4

2.0
11.5
13.6

5.4 0.7

* Contract changes EUR 6.9 million. A write-down in Oulu EUR 5.0 million. In Norway, some revenues were allocated to services and were thus removed from fair value calculation, EUR 1.7 million.

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17.11.2016 28

Group

1-9/2016 1-9/2015 2015 Rentable space, m² * 778,200 730,400 740,400 Rent, €/m²/mo. avg.* 17.15 17.06 16.99 Financial occupancy rate, %* 92.7 94.5 94.6 Net rental income, EUR million 111.4 114.4 150.3 Net sales, EUR million 127.3 128.9 170.6 EBITDA, EUR million 70.7 72.9 93.0 Market yield requirement, avg., % * 7.39 7.68 7.73 Fair value of investment properties, EUR million * 1,652.9 1,410.8 1,426.0

* At the end of the period. ** Under renovation Q3/2016: 10,000 m², 12/2015: 16,700 m²

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17.11.2016 29

Finland

1-9/2016 1-9/2015 2015 Rentable space, m² * 530,000 524,400 526,900 Rent, €/m²/mo. avg.* 17.34 17.12 17.02 Financial occupancy rate, % * 90.7 92.9 92.9 Net rental income, EUR million 77.3 82.5 107.4 Net sales, EUR million 90.6 95.1 125.0 EBITDA, EUR million 50.2 55.8 69.0 Market yield requirement, avg., % * 7.7 7.7 7.8 Fair value of investment properties, EUR million * 1,183.0 1,002.5 984.8

* At the end of the period. ** 9/2016: 7,200 m² under renovation. 12/2015: 16,700 m² under renovation.

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17.11.2016 30

Baltic Rim

1-9/2016 1-9/2015 2015 Rentable space, m² * 148,300 141,150 147,000 Rent, €/m²/mo. avg. * 14.42 14.32 15.15 Financial occupancy rate, % * 98.9 99.9 99.5 Net rental income, EUR million 19.6 18.6 25.1 Net sales, EUR million 21.6 19.7 26.8 EBITDA, EUR million 12.0 10.0 14.2 Market yield requirement, avg., % * 8.7 8.7 8.7 Fair value of investment properties, EUR million * 261.8 229.2 246.7

* At the end of the period.

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17.11.2016 31

Scandinavia

1-9/2016 1-9/2015 2015 Rentable space, m² * 99,900 64,800 66,500 Rent, €/m²/mo. avg. * 19.52 22.38 21.50 Financial occupancy rate, % * 94.8 97.0 97.1 Net rental income, EUR million 14.3 13.4 17.8 Net sales, EUR million 15.2 14.1 18.8 EBITDA, EUR million 8.5 7.1 9.9 Market yield requirement, avg., % * 5.5 6.2 6.1 Fair value of investment properties, EUR million * 334.0 190.5 194.4

* At the end of the period. ** 9/2016: 2,800 m2 under renovation, 12/2015: None.

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17.11.2016 32

IFRS Figures

Summary of Income Statement, EUR million 2013 2014 2015 1-9/2016 Net sales 126.3 161.7 170.6 127.3 Other operating income 2.0 0.5 0.1 0.9 EBITDA 64.1 87.2 93.0 70.7 Operating profit 43.9 42.9 88.9 68.5 Profit before taxes 22.6 0.6 55.1 49.5 Net profit for the year attributable to parent company shareholders 28.8

11.7

44.8 35.9 Summary of Balance Sheet, EUR million 2013 2014 2015 1-9/2016 Total assets 1,560.3 1,502.9 1,562.1 1,841.0 Cash and bank 54.1 28.3 39.4 98.7 Shareholders’ equity 624.3 575.6 610.8 722.4 Interest-bearing liabilities 861.9 841.9 864.8 991.2 Key Indicators and Financial Ratios 2013 2014 2015 1-9/2016 EBITDA/net sales, % 50.8 53.9 54.5 55.5 Dividend/share, EUR 0.10 0.15 0.17

Share price, end of period

4.35* 3.70* 3.73* 3.26 Return on equity (ROE), % 6.2

8.4 6.1 Return on investment (ROI), % 3.6 3.3 6.1 4.3 Net debt/equity (gearing), % 129.4 141.4 135.2 123.6 Employees in Group companies, average 187 214 239 249

* Not correctedwith shareissue in Sept 2016

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17.11.2016 33

Customers – A Healthy Mix

TOP 10 customers (Sept 30, 2016 ): Leased 18.1% of the rented space Accounted for 16.5% of the rental income The single biggest customer (Sept 30, 2016 ): Leased 4.0% of the rented space Accounted for 2.2% of the rental income

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34 17.11.2016

Investment Criteria

Sufficient scale Good quality assets Flexibility & adaptability Location & connections Service infrastructure potential Customer mix potential Competitive valuation with attractive risk-adjusted return