- The company reported positive Q3 results, with net sales and EBITDA up 3.5% excluding FX and non-recurring items. Occupancy was 92.7% as expected. - A 124 million euro rights issue was oversubscribed by 66% and will be used to strengthen the balance sheet after acquisitions and fund new projects. - Guidance for 2016 remains unchanged, with net sales and EBITDA expected to remain at 2015 levels (+/- 5%).

1. January-September 2016
Results
October 28, 2016

2. 28.10.2016 2
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

3. 28.10.2016 3
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%

4. 28.10.2016 4
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%
0
50
100
150
200
2010 2011 2012 2013 2014 2015 1-9/2016
Rental income Service income Services of net sales
EUR million

5. 28.10.2016 5
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

6. 28.10.2016 6
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.

7. 28.10.2016 7
How WeWill 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

8. 28.10.2016 8
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

9. 28.10.2016 9
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

10. 1028.10.2016
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

11. 28.10.2016 11
Guidance for 2016 Unchanged
Technopolis expects its net sales and EBITDA in 2016 to remain at
the same level (+/- 5%) as in 2015.
Yliopistonrinne Campus in Tampere

12. www.technopolis.fi Find us on: facebook.com/TechnopolisPlc
twitter.com/TechnopolisPlc
Thank you

13. Appendices: Additional Data

14. 28.10.2016 14
FairValue Changes 1-6/2016
EUR million Market
Yield
Related
Occupancy
Assumption Modernization
Other
Changes *
Projects
in
Progress
Total
Finland 13.7 -0.9 -9.1 -7.2 1.5 -2.0
Baltic Rim 3.7 -1.1 -0.2 -2.0 3.9 4.3
Scandinavia 5.0 0.0 -2.2 -4.4 0.0 -1.6
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.

15. 28.10.2016 15
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

16. 28.10.2016 16
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.

17. 28.10.2016 17
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.

18. 28.10.2016 18
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.

19. 28.10.2016 19
Cash Flow from Operations
Increased by 15%
Cash flow from operations / share EUR 0.43 (0.39)
The improvement was due to
decreased working capital
improved net result for the period
other financial items
taxes

20. 28.10.2016 20
Stable Occupancy OverTime
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%

21. 28.10.2016 21
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.

22. 28.10.2016 22
2015-2020 Strategic FinancialTargets
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

23. 2328.10.2016
Investment Criteria
Sufficient scale
Good quality assets
Flexibility & adaptability
Location & connections
Service infrastructure
potential
Customer mix potential
Competitive valuation with
attractive risk-adjusted
return

24. 2428.10.2016
EPRA EPS
0,34
0,38
0,47
0,53 0,52
0,0
0,1
0,2
0,3
0,4
0,5
0,6
2011 2012 2013 2014 2015
EPRA EPS, EUR

25. 28.10.2016 25
Technopolis Investment Story
Technopolis concept brings both higher yields & lower
operational risk
Proven track record of building & sustaining high
occupancy
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