- Net sales for Technopolis increased 0.9% in 2016 while EBITDA increased 0.1% - Financial occupancy rate was 93.4% for the year - Service income grew 10.6% and now makes up 13.0% of total sales, more than doubling the margin - New growth projects are on target and divestitures continued to realize fair value - Equity ratio improved to 41.5% due to a rights issue and divestitures

1. FullYear 2016 Results
February 3, 2017

2. 2.2.2017 2
2016 in Brief
Net sales up 0.9% and EBITDA 0.1%*
Financial occupancy rate at 93.4%
Service income up 10.6%, now 13.0% of total
sales, margin more than doubled
Cash flow from operations EUR 0.46 (0.52)
per share
ROCE 5.6% (6.1%)
New growth projects on target
Divestitures at fair value continued
Equity ratio up to 41.5% (39.3%) mainly due
to rights issue & divestitures
* Net sales up 1.8 % and EBITDA 1.2%
on a constant currency basis

3. 2.2.2017 3
Unit Occupancy
94,9%
89,6%
97,1% 97,2%
93,0%
96,5%
98,9% 100,0% 100,0%
92,1%
84,7%
95,1% 94,5% 95,2%
91,1%
99,3% 100,0% 100,0% 100,0%
70%
75%
80%
85%
90%
95%
100%
Q4-2015 Q4-2016
Group
Q4/16
93.4%

4. 2.2.2017 4
Long-Term Group Occupancy
10 year
average 94.3%
Q4/16
93.4%
80%
85%
90%
95%
100%

5. 2.2.2017 5
Customer Satisfaction at Record Level
3,54
3,6
3,68 3,72
4,13 4,16
3,73
3,77
3,84 3,84
4,11
4,21
3,2
3,4
3,6
3,8
4
4,2
4,4
2011 2012 2013 2014 2015 2016
Users Decision makers

6. 2.2.2017 6
Service Business Growth 10.6%
93,0 111,1 144,8 150,3
149,6
14,2
15,2
16,9 20,3 22,4
13,2%
12,0%
10,4%
11,9%
13,0%
0%
2%
4%
6%
8%
10%
12%
14%
16%
0
50
100
150
200
2012 2013 2014 2015 2016
Rental income Service income Service penetration
EUR million

7. 2.2.2017 7
Coworking globally*
The number of coworking spaces has
increased from 8,700 in 2015 to
11,300 in 2016
835,000 members in 2016, less than
510,000 in 2015
7,000 operators in 2016
Square meters/person falling constantly
toward the benchmark level of 8
m²/person
Share of services has increased
substantially inTechnopolis’ net sales:
from 10.4% in 2014 to 13.0% in 2016
The Shared Economy Meets the
Office Market
*Source: Deskmag and Forbes

8. 2.2.2017 8
Financing
2016 2015 2014
Interest bearing debt, EUR million 959.9 864.8 841.9
Fixed rate, % 56.7 71.3 60.0
Average interest rate, % * 2.34 2.60 2.43
Capital weighted loan maturity,
years
5.1 5.9 6.1
Interest cover ratio, % 4.6 4.3 4.8
Loan to value, % 58.2 58.8 59.7
Equity ratio, % 41.5 39.3 38.5
Cash and equivalents, EUR million 128.0 39.4 28.3
* Excluding the hybrid loan

9. 2.2.2017 9
On December 31, 2016, the projects in progress totaled EUR 82.2 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 39.3 7.2 86.2 7/2016
Vilnius Delta 21,900 35.4 9.8 85.8 12/2016
Helsinki Ruoholahti 3 10,300 33.2 7.0 35.7 07/2018
Tallinn Lõõtsa 12 9,700 13.6 9.0 18.8 07/2018
Organic Growth Projects in 2016
Projects in grey are not completed as per Dec 31, 2016 i.e. financial occupancy is pre-let rate. On Dec 31, 2016, the financial occupancy rate of
Delta was 57.9%, the rest of the building was still under construction.
* Stabilized yield = estimated net operating income / cost

10. 102.2.2017
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. 2.2.2017 11
Guidance for 2017
Technopolis expects its net sales and EBITDA to improve from 2016 based
on the company’s current investment property portfolio and foreign
exchange rates.
Yliopistonrinne Campus in Tampere

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

13. Appendices:Additional Data

14. 2.2.2017 14
FairValue Changes in 2016
EUR million Market
Yield
Related
Occupancy
Assumption
**
Modernization
Other
Changes *
Projects
in
Progress
Total
Finland 18.8 -13.9 -5.4 -6.0 2.5 -4.0
Baltic Rim 4.4 -1.8 -2.8 0.5 5.8 6.1
Scandinavia 5.5 -1.9 -3.6 -1.9 0.0 -1.9
Total 28.7 -17.6 -11.8 -7.4 8.3 0.2
* Other changes include contract and budget changes, maintenance expenses as well as changes in revenue allocations.
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.
** In Oulu and HMA, occupancy assumptions were adjusted to correspond to actualized occupancy and modernization capital expenditures.

15. 2.2.2017 15
Group
2016 2015 2014
Rentable space, m² * 746,400** 740,400** 742,000
Rent, €/m²/mo. avg.* 17.12 16.99 16.67
Financial occupancy rate, %* 93.4** 94.6** 94.7
Rental income, EUR million 149.4 150.3 144.8
Net sales, EUR million 172.1 170.6 161.7
EBITDA, EUR million 93.1 93.0 87.2
Market yield requirement, avg., % * 7.17 7.73 7.80
Fair value of investment properties,
EUR million *
1,624.2 1,426.0
1,378.4
* At the end of the period.
** Under renovation Q4/2016: 13,000 m², 12/2015: 16,700 m²

16. 2.2.2017 16
Finland
2016 2015 2014
Rentable space, m² * 486,500** 526,900** 543,200
Rent, €/m²/mo. avg.* 17.0 17.0 16.8
Financial occupancy rate, % * 90.7** 92.9** 93.7
Rental income, EUR million 102.0 107.4 103.3
Net sales, EUR million 120.5 125.0 118.6
EBITDA, EUR million 64.3 69.0 62.6
Market yield requirement, avg., % * 7.6 7.8 7.9
Fair value of investment properties,
EUR million * 997.6 984.8 951.9
* At the end of the period.
** 12/2016: 9,700 m² under renovation, 12/2015: 16,700 m².

17. 2.2.2017 17
Baltic Rim
2016 2015 2014
Rentable space, m² * 161,200 147,000 135,800
Rent, €/m²/mo. avg. * 14.9 15.2 14.00
Financial occupancy rate, % * 99.7 99.5 98.4
Rental income, EUR million 26.7 25.1 23.6
Net sales, EUR million 29.5 26.8 24.9
EBITDA, EUR million 16.6 14.2 13.4
Market yield requirement, avg., % * 8.7 8.7 8.7
Fair value of investment properties,
EUR million * 292.3 246.7 224.7
* At the end of the period.
On December 31, 2016 the new property inVilnius has still 8,600 m2 of space, which is not yet completed.

18. 2.2.2017 18
Scandinavia
2016 2015 2014
Rentable space, m² * 98,700** 66,500** 63,000
Rent, €/m²/mo. avg. * 22.3 21.5 22.03
Financial occupancy rate, % * 96.8** 97.1** 95.6
Rental income, EUR million 20.7 17.8 18.0
Net sales, EUR million 22.0 18.8 18.2
EBITDA, EUR million 12.2 9.9 12.0
Market yield requirement,
avg., % *
5.5 6.1
6.4
Fair value of investment
properties, EUR million * 334.3 194.4 201.8
* At the end of the period.
** 12/2016: 3,300 m2 under renovation, 12/2015: None.

19. 2.2.2017 19
Leases
Lease stock, % of space
Maturity in years
2016 2015 2014
<1 19 22 17
1-3 21 20 23
3-5 17 15 12
>5 16 19 22
Open-end leases 27 24 26
Av. lease term in months 35 36 39
Lease stock, EUR million 392.7* 429.7 455.9
* Main reason for the decreasing contract value is the divestitures.
The ten largest customers let approximately 17.6 % of rented space and
accounted for 17.7% of rental income.
One single largest customer accounted for 3.9% of rented space and one for 3.1%
of rental income.

20. 2.2.2017 20
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

21. 212.2.2017
Investment Criteria
Sufficient scale
Good quality assets
Flexibility & adaptability
Location & connections
Service infrastructure
potential
Customer mix potential
Competitive valuation with
attractive risk-adjusted
return

22. 222.2.2017
Earnings per Share, EUR (EPRA)
0,33
0,41
0,46 0,45
0,40
0,0
0,1
0,1
0,2
0,2
0,3
0,3
0,4
0,4
0,5
0,5
2012 2013 2014 2015 2016
EPRA EPS, EUR
Share related indicators have been adjusted for the rights issue in fall 2016.

23. 232.2.2017
Dividend per Share, EUR
0,18
0,10
0,15
0,17
0,12
5,3 %
2,3 %
4,1 %
4,6 %
3,8 %
0,0 %
1,0 %
2,0 %
3,0 %
4,0 %
5,0 %
6,0 %
0,00
0,02
0,04
0,06
0,08
0,10
0,12
0,14
0,16
0,18
0,20
2012 2013 2014 2015 2016
Dividend per share, EUR Effective Dividend Yield
2016: Board of Directors’ proposal

24. 2.2.2017 24
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

25. 2.2.2017 25
December 31, 2016 # of shares % of shares
Varma Mutual Pension Insurance Comp. 38,172,288 24.0
Ilmarinen Mutual Pension Insurance Comp. 16,634,470 10.5
City of Oulu 3,917,926 2.5
Technopolis Plc 1,947,571 1.2
Laakkonen Mikko 1,939,276 1.2
The Finnish Cultural Foundation 1,782,063 1.1
OP-Pohjola Group 1,660,235 1.1
Odin Eiendom 1,450,000 0.9
Jenny and AnttiWihuri´s Foundation 1,107,597 0.7
Jyrki Hallikainen and company 1,000,000 0.6
10 largest shareholders, total 69,762,210 43.8
Foreign and nominee registered, total 53,796,934 33.9
Others, total 35,920,518 22.3
Total amount of shares 158,793,662 100
Shareholders