February 18, 2008

Moventas to enter into a sale and leaseback arrangement with Sponda real estate funds

Moventas will sell its real estate in Jyväskylä and Karkkila to real estate funds managed by Sponda Oyj in a sale and leaseback arrangement. Moventas will continue its operations at the current premises with a longterm lease agreement.

The agreement covers a floor space of 43,500 m2, of which 80% is used for production and 20% for offices and storage. The companies have signed a longterm lease agreement. Moventas will continue to take care of the maintenance of the premises. The transaction does not affect the daily business operations of the company or the status of the personnel.

By selling the properties in Jyväskylä and Karkkila, Moventas will release capital to finance its business growth and related investments in machinery. The company is currently proceeding with a 100 million euro investment program for production capacity expansions at the locations in question.

Sponda Plc is a real estate company specializing in commercial properties in the largest cities in Finland and Russia.

Moventas:
Moventas specializes in mechanical power transmission. One of the world’s leading companies in this
area, Moventas develops, manufactures and supplies wind turbine gears and mechanical drives for
process industries. The company also provides a complete portfolio of lifecycle maintenance services.
The company employs 1,200 people in Finland, Germany, Sweden, Canada, the USA, Singapore and
China. European private equity investor Industri Kapital is the majority shareholder of Moventas Oy.
www.moventas.com

For further information, please contact:
Ilkka Hakala, President and CEO, Moventas Oy
tel. +358 400 824 696