January-June 2016ResultsAugust 26, 2016

26.8.2016 2

First Half 2016 Performance

Q2 occupancy up to 93.4% from 92.5% in Q1

Year-on-year net sales were up 1.2% & EBITDA was down0.9% excluding FX & non-recurring items

Service income grew by 10.0%, penetration now at 13.0%

Cash flow from operations/ share EUR 0.33 (0.28)

Organic growth boosting NAV / share (EPRA) 4.81 (4.59)

Equity ratio 36.5% (37.9%), LTV 59.4% (63.1%)

Guidance for 2016 unchanged

26.8.2016 3

Unit Occupancy

91,4% 90,4%

97,2% 97,1%92,5%

96,0%99,8% 100,0% 99,1%

81,3%

93,5%

85,4%

95,6% 96,6%

93,5%95,5%

98,5% 100,0% 99,9%

84,5%

70%

75%

80%

85%

90%

95%

100%

Q2-2015 Q2-2016

GroupQ2/1693.4%

26.8.2016 4

Service Business Growing

70,3 80,7 93,0 111,1 144,8 150,3 73,3

11,2 12,114,2

15,2

16,9 20,3

11,0

13,7%

13,0%

13,2%12,0%

10,4%

11,9%

13,0%

0%

2%

4%

6%

8%

10%

12%

14%

16%

0

50

100

150

200

2010 2011 2012 2013 2014 2015 H1/2016

Rental income Service income Services of net sales

EUR million

26.8.2016 5

Technopolis Gårda CampusIn the inner city of Gothenburg,Sweden

A growing market with strongeconomic indicators

Built 1999 (A-C) and 2004 (D)

Flexible, relatively modern andgood quality property

Occupancy rate 94%

Customers: Telia, Fujitsu,GoExcellent

Execution of strategy with entry tothe prioritized and publiclycommunicated next target market

26.8.2016 6

Gårda - Key Transaction Figures

Guaranteed NOI until 31.12.2017

Max MEUR 2.1 additional purchase price for new building rights

Seller to cooperate and assist in zoning process

Closing in July 2016

Significant upside potential through rent hikes, conversion and organicexpansion

KPI Key Figure

Price MEUR 126.6

Market yield requirement 4.75% (Gårda)

Cash-flow yield, initial 5.0%

Cash-flow yield, stabilized 6.0%

GLA (m2) 34,300

Office GLA (m2) 27,900

26.8.2016 7

Area Name m² EURmillion

Stabilizedyield, % *

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 80.5 7/2016

Vilnius Delta 21,600 35.4 9.8 57.9 12/2016

Helsinki Ruoholahti 3 10,300 33.2 7.0 35.7 07/2018

Organic Growth Projects

On June 30, 2016, the projects in progress totaled EUR 109.1 million

Projects in grey are not completed as per June 30, 2016 i.e. financial occupancy is pre-let rate.

* Stabilized yield = estimated net operating income / cost** The rentable area of Ruoholahti 3 has been revised upwards after the announcement of the investment decision. A largerrentable area has lowered the pre-let rate.

826.8.2016

Ruoholahti 3

26.8.2016 9

Financing

H1/2016 2015 2014

Interest bearing debt, EUR million 905.0 864.8 841.9

Fixed rate, % 61.8 71.3 60.0

Average interest rate, % * 2.39 2.60 2.43

Capital weighted loan maturity,years

5.5 5.9 6.1

Interest cover ratio, % 4.8 4.3 4.8

Loan to value, % 59.4 58.8 59.7

Equity ratio, % 36.5 39.3 38.5

Cash and equivalents, EUR million 26.1 39.4 28.3* Excluding the hybrid loan

26.8.2016 10

2016 Review on Strategy to 2020

Business strategy & concept working well at home & abroad

Strategic territory still the Nordic-Baltic region

Focus on targets with optimal strategic fit

Campuses & locations where we can add maximum value

11

TECHNOPOLISCOMPETITIVEADVANTAGE

Value-Adding Servicesƒ Cut the square metersƒ Buy services on demandƒ From cradle to graveƒ 5-star service delivery

Direct Customer Managementƒ In sales and marketingƒ In service providingƒ In property maintenance &

management

International chain advantagesƒ Branding advantagesƒ Increasing scale-driven efficienciesƒ Rapid deployment of best practicesƒ Increasing Group-wide solution sales

Cool, Flexible Workplacesƒ Less m2/personƒ Shared Infra & Servicesƒ Flexible, scalable up & downƒ Cool, fun & tribalƒ Access to the whole network

The Technopolis ConceptThis is Our DNA

26.8.2016 12

Technopolis Campus Network 2016We Have Successfully Copy-Pasted our Concept

Oulu

Vantaa

Espoo

Tampere

Jyväskylä

Kuopio

Lappeenranta

St. Petersburg 2008

Helsinki

Tallinn 2010

Vilnius 2013

Oslo 2013

Gothenburg 2016

26.8.2016 13

Rights Issue

EGM on August 31

The Board proposes a ca. EUR 125 million rightsissue

Pursuant to the shareholders’ pre-emptivesubscription price

Varma and Ilmarinen have indicated that they willparticipate pro-rata

26.8.2016 14

How We Will Use Rights Issue Proceeds

Gårda acquisition

Oslo minority shareholding

Organic growth project pipeline

Future campus acquisitions

Strengthen the balance sheet

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

twitter.com/TechnopolisPlc

Thank you

Appendices: Additional Data

26.8.2016 17

Group1-6/2016 1-6/2015 2015

Rentable space, m² * 740,300** 738,100 740,400**

Rent, €/m²/mo. avg.* 16.73 16.87 16.99

Financial occupancy rate, %* 93.4** 94.1 94.6**

Net rental income, EUR million 73.3 79.1 150.3

Net sales, EUR million 84.3 89.1 170.6

EBITDA, EUR million 45.4 50.2 93.0

Market yield requirement, avg., % * 7.69 7.81 7.73

Fair value of investment properties,EUR million * 1,457.9 1,410.6 1,426.0

* At the end of the period.** Under renovation Q2/2016: 13,500 m², 12/2015: 16,700 m²

26.8.2016 18

Finland1-6/2016 1-6/2015 2015

Rentable space, m² * 527,140** 534,200 526,900**

Rent, €/m²/mo. avg.* 17.18 16.51 17.02

Financial occupancy rate, % * 91.7** 92.4 92.9**

Net rental income, EUR million 51.9 57.6 107.4

Net sales, EUR million 61.0 66.4 125.0

EBITDA, EUR million 33.5 38.1 69.0

Market yield requirement, avg., % * 7.8 7.9 7.8

Fair value of investment properties,EUR million * 998.2 958.8 984.8* At the end of the period.** 6/2016: 10,500 m² under renovation. 12/2015: 16,700 m² under renovation.

26.8.2016 19

Baltic Rim

1-6/2016 1-6/2015 2015

Rentable space, m² * 148,650 139,100 147,000

Rent, €/m²/mo. avg. * 14.16 14.42 15.15

Financial occupancy rate, % * 99.3 99.6 99.5

Net rental income, EUR million 13.0 12.5 25.1

Net sales, EUR million 14.4 13.2 26.8

EBITDA, EUR million 7.5 7.1 14.2

Market yield requirement, avg., % * 8.7 8.9 8.7

Fair value of investment properties,EUR million *

260.1 245.1 246.7

* At the end of the period.

26.8.2016 20

Scandinavia1-6/2016 1-6/2015 2015

Rentable space, m² * 64,500** 64,800 66,500**

Rent, €/m²/mo. avg. * 19.56 22.05 21.50

Financial occupancy rate, % * 95.6** 97.2 97.1**

Net rental income, EURmillion

8.3 9.1 17.8

Net sales, EUR million 8.9 9.5 18.8

EBITDA, EUR million 4.4 4.9 9.9

Market yield requirement,avg., % *

6.1 6.3 6.1

Fair value of investmentproperties, EUR million *

199.6 207.1 194.4

* At the end of the period.** 6/2016: 3,000 m2 under renovation, 12/2015: None.

26.8.2016 21

LeasesLease stock, % of spaceMaturity in years

June 30,2016

2015 2014

<1 17 22 17

1-3 22 20 23

3-5 15 15 12

>5 18 19 22

Open-end leases 28 24 26

Av. lease term in months 36 36 39

Lease stock, EUR million 437.4 429.7 455.9

The ten largest customers let approximately 18.0 % of rented space andaccounted for 16.4% of rental income.The single largest customer accounted for 4.0% of rented space and 2.2% ofrental income.

26.8.2016 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

2326.8.2016

Investment Criteria

Sufficient scale

Good quality assets

Flexibility & adaptability

Location & connections

Service infrastructurepotential

Customer mix potential

Competitive valuation withattractive risk-adjustedreturn

26.8.2016 24

Fair Value Changes 1-6/2016

EUR million MarketYield

Related

OccupancyAssumption Modernization

OtherChanges

Projectsin

Progress

Total

Finland 5.9 -1.1 -6.9 -0.9 0.7 -2.3

Baltic Rim 2.6 -1.1 1.3 -1.2 2.2 3.8

Scandinavia 1.5 0.0 -1.5 -3.0* 0.0 -3.0

Total 10.0 -2.2 -7.1 -5.1* 2.9 -1.5

* Mainly contract changes. In Norway, some revenues were allocated to services and were thus removed from fair value calculation.