1st Quarter 2016 ResultsMay 10, 2016

10.5.2016 2

A Steady Start to the Year

Net sales up 1.4%, EBITDA up 0.5% on a constant currency basis

Occupancy 92.5% (93.8%) due to a drop of 7.3% in Oulu

EBITDA margin 53.3% (53.9%)

Cash flow from operations/ share EUR 0.19 (0.13)

Direct result / share (EPRA) EUR 0.12 (0.12)

Service revenue grew by 14.5%, penetration at 12.6%

Loan-to-value 56.7% (59.1%)

10.5.2016 3

Unit Occupancy

91,2% 89,7%

96,2% 97,2%

91,8%95,9%

99,6% 100,0% 99,6%

81,3%

92,5%

82,4%

95,8% 96,5%

92,7%

96,4%98,5%

99,5% 99,7%

83,5%

70%

75%

80%

85%

90%

95%

100%

Q1-2015 Q1-2016

Group Q1/1692.5%

10.5.2016 4

Oulu Situation

Total rentable area in Oulu is 193,900 m2

Financial occupancy in March 2016: 82.4%

24,000 m2 in new agreements done in 2015

In Q1 2016 almost 10,000 m2 in new deals signed

Another 22,500 m2 needed to reach 95% occupancy

Another 13,200 m2 needed to reach 90% occupancy

Long-term plan is to divest 50,000 m2 in Oulu

Since 2014, we have divested 24,000 m2

Will take a couple of years to reach equilibrium

10.5.2016 5

Service Business

70,3 80,7 93 111,1 144,8 150,3 35,8

11,212,1

14,2

15,2

16,9 20,3

5,2

13,7%

13,0%

13,2%12,0%

10,4%

11,9%

12,6%

0%

2%

4%

6%

8%

10%

12%

14%

16%

0

50

100

150

200

Service revenues

Rental revenues

Share of net sales

EUR MILLION

10.5.2016 6

Fair Value Changes in Q1/2016

EUR million MarketYield Related

OccupancyAssumption

Modernization Other Changes

Projects in Progress

Total

Finland 3.4 -0.6 -4.5 -0.8 0.8 -1.7

Baltic Rim 2.0 -1.0 1.9 -1.0 0.9 2.8

Scandinavia 2.5 0.0 -0.6 -2.5 0.0 -0.6

Total 7.9 -1.6 -3.2 -4.3* 1.7 0.5

* Mainly contract changes

10.5.2016 7

Financing

Q1/2016 2015 2014

Interest bearing debt, EUR million 851.6 864.8 841.9

Fixed rate, % 72.7 71.3 60.0

Average interest rate, % * 2.55 2.60 2.43

Capital weighted loan maturity, years

5.8 5.9 6.1

Interest cover ratio, % 4.6 4.3 4.8

Loan to value, % 56.7 58.8 59.7

Equity ratio, % 38.0 39.3 38.5

Cash and equivalents, EUR million 23.1 39.4 28.3* Excluding the hybrid loan

10.5.2016 8

Area Name m² EUR million

Stabilized yield, % *

Financial OCR/ Pre -OCR, %

Completion

Tallinn Löötsa 5 9,200 17.0 8.8 100 1/2016

Tampere Yliopist. 3&4 11,900 40.5 7.2 62.8 7/2016

Vilnius Delta 21,600 35.4 9.8 52.7 12/2016

Organic Growth Projects

Projects in progress total EUR 75.9 million

Projects in grey are not completed as per March 31, 2016 i.e. financial occupancy is pre-let rate.* Stabilized yield = estimated net operating income / cost

910.5.2016

New Concept: UMA

UMA workspace is Technopolis’ open office network with 15 coworking spaces mainly on Technopolis campuses.

Each UMA member has an access to Open Offices at all campuses.

Newest addition is the flagship UMA Esplanadi in Helsinki CBD

First open office outside of our campus network

100 workstations

Different working zones from open to more private

Meeting rooms with video connection

10.5.2016 10

Growth Strategy

Acquisition focus on Scandinavia

Despite the hot transaction market, there are opportunities that offer excellent strategic fit and good risk-adjusted returns

We will not stray from our investment criteria

Organic growth opportunities in Ruoholahti, Vantaa, Tallinn, Kuopio etc.

Divestitures in Finland to continue

10.5.2016 11

Guidance for 2016

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

Yliopistonrinne CD building under construction in Tampere

www.technopolis.fi Find us on: facebook.com/TechnopolisPlc

twitter.com/TechnopolisPlc

Thank you

Appendices: Additional Data

10.5.2016 14

Group

Q1/2016 Q1/2015 2015

Rentable space, m² * 742,950 744,600 740,400

Rent, €/m²/mo. avg. 16.80 16.90 16.99

Financial occupancy rate, % 92.5 93.8 94.6

Net rental income, EUR million 35.8 36.6 150.3

Net sales, EUR million 41.1 41.2 170.6

EBITDA, EUR million 21.9 22.2 93.0

Market yield requirement, avg., % 7.57 7.71 7.73

Fair value of investment properties, EUR million

1,447.2 1,410.9 1,426.0

* Under renovation Q1/2016: 15,250 m², Q1/2015: 2,400 m², 12/2015: 16,700 m²

10.5.2016 15

FinlandQ1/2016 Q1/2015 2015

Rentable space, m² * 530,650 542,000 526,900

Rent, €/m²/mo. avg. 17.23 17.08 17.02

Financial occupancy rate, % 90.5 92.2 92.9

Net rental income, EUR million 25.2 26.3 107.4

Net sales, EUR million 29.6 30.4 125.0

EBITDA, EUR million 15.8 16.0 69.0

Market yield requirement, avg., % 7.8 7.9 7.8

Fair value of investment properties, EUR million

994.1 958.8 984.8

* Under renovation Q1/2016: 11,800 m², 12/2015: 16 700 m²

10.5.2016 16

Baltic Rim

Q1/2016 Q1/2015 2015

Rentable space, m² 148,100 139,100 147,000

Rent, €/m²/mo. avg. 14.18 14.26 15.15

Financial occupancy rate, % 99.1 99.7 99.5

Net rental income, EUR million 6.4 6.0 25.1

Net sales, EUR million 7.0 6.3 26.8

EBITDA, EUR million 3.9 3.3 14.2

Market yield requirement, avg., % 8.6 8.9 8.7

Fair value of investment properties, EUR million

254.8 242.3 246.7

10.5.2016 17

Scandinavia

Q1/2016 Q1/2015 2015

Rentable space, m² * 64,200 63,500 66,500

Rent, €/m²/mo. avg. 20.13 22.61 21.50

Financial occupancy rate, % 95.8 96.2 97.1

Net rental income, EUR million

4.2 4.4 17.8

Net sales, EUR million 4.5 4.5 18.8

EBITDA, EUR million 2.2 2.3 9.9

Market yield requirement, avg., %

6.1 6.3 6.1

Fair value of investment properties, EUR million

198.3 209.9 194.4

* Under renovation Q1/2016: 3,440 m², 12/2015: -

10.5.2016 18

Cash Flow from OperationsImproved by 46%

Cash flow from operations / share EUR 0.19 (0.13)

The improvement was due to

Decreased working capital EUR 0.035

Decrease in paid interests and fees EUR 0.038

10.5.2016 19

Group Financial Occupancy

80%

85%

90%

95%

100%10 Yr. Avg.

94.5% Q1/1692.5%

10.5.2016 20

Leases

Lease stock, % of space Maturity in years

March 31, 2016

2015 2014

<1 21 22 17

1-3 22 20 23

3-5 14 15 12

>5 17 19 22

Open-end leases 25 24 26

Av. lease term in months 35 36 39

Lease stock, EUR million 407.7 429.7 455.9

The ten largest customers let approximately 18.7 % of rented space and accounted for 16.3% of rental income. The single largest customer accounted for 4.0% of rented space and 2.2% of rental income.

2110.5.2016

Investment Criteria

Sufficient scale

Good quality assets

Flexibility & adaptability

Location & connections

Service infrastructure potential

Customer mix potential

Competitive valuation with attractive risk-adjusted return

10.5.2016 22

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

10.5.2016 23

April 30, 2016 # of shares % of shares

Varma Mutual Pension Insurance Comp. 25,448,192 23.9

Ilmarinen Mutual Pension Insurance Comp. 11,089,647 10.4

City of Oulu 3,511,211 3.3

Technopolis Plc 1,947,571 1.8

Odin Finland 1,418,856 1.3

Laakkonen Mikko 1,226,184 1.2

OP-Pohjola Group 1,215,084 1.1

Odin Eiendom 1,188,660 1.1

The Finnish Cultural Foundation 1,188,042 1.1

Jyrki Hallikainen and company 895,236 0.8

10 largest shareholders, total 49,128,683 46.1

Foreign and nominee registered, total 34,967,460 32.8

Others, total 22,415,489 21.0

Total amount of shares 106,511,632 100

Shareholders