Tecnotree Oyj - Total number of voting rights and capital

Tecnotree Corporation has executed a reverse share split

Tecnotree Corporation Stock Exchange Release 19 April 2024 at 22:15 EEST

Tecnotree Corporation ("Tecnotree" or "Company") has today, 19 April 2024, on
the previously announced reverse split date, executed a reverse share split and
thereto related directed share issue without consideration, redemption of shares
and cancellation of shares. After these measures, the new number of shares in
the Company is 15 953 250. The new number of shares has been registered with the
Trade Register maintained by the Finnish Patent and Registration Office on 19
April 2024, and trading with the merged shares commences on Monday 22 April 2024
with a new ISIN code FI4000570890. Tecnotree's trading code TEM1V will remain
the same after the reverse share split.

Tecnotree's Annual General Meeting held on 15 April 2024 resolved on the reverse
share split and thereto related redemption of shares to the effect that each
twenty (20) shares of the Company will be merged into one (1) share.
Concurrently with the execution of the reverse share split, the Board of
Directors of the Company has today, 19 April 2024, resolved, based on the
authorization granted by the Annual General Meeting, on a directed share issue
without consideration in which the Company has issued without consideration a
total of 108 794 new shares in the Company to the effect that the number of
shares in each shareholder's book-entry account has been made divisible by 20.
The combined market value of the shares issued without consideration is
approximately EUR 42 266.47, based on the closing price of 19 April 2024.

After the directed share issue, the Company has redeemed without consideration
19 shares for each 20 shares of the Company, in accordance with the resolution
of the Annual General Meeting. The Company's shares redeemed in connection with
the reverse share split have been cancelled immediately by a resolution of the
Board of Directors. After the reverse share split, Tecnotree holds 39 942
treasury shares.

The purpose of the reverse share split is to increase the value of an individual
share, promote an efficient share price formation, and enable the issuance of
dividends.

In connection with the reverse share split, the Board of Directors resolved also
to make the same proportional adjustments to the Company's options, convertible
debentures and warrants as described below in more detail.

The Board of Directors resolved to amend the terms of the option plan decided by
the Board of Directors on 9 June 2021 so that each 20 options entitles to
subscribe for one share. A total maximum number of 1 150 000 new or existing
shares can be subscribed on the basis of the options. In addition, it was
resolved to increase the subscription price per share under the options 20-fold
from the original subscription price to 8 euros per share.

The Board of Directors resolved to amend the terms of the compulsorily
convertible debenture decided by the Board of Directors on 22 June 2023 so that
each special right issued under the debenture can be converted into 1/20 of the
original number of shares i.e. into a number of 8 787 new shares (or into such
higher number of shares as calculated based on Clause II.1.4 of the original
debenture terms). Consequently, a total maximum number of 3 787 197 new shares
can be subscribed on the basis of the special rights (or such higher number of
shares as calculated based on Clause II.1.4 of the original debenture terms). In
addition, it was resolved to increase the maximum subscription price per share
under the special rights 20-fold from the original maximum subscription price to
11.38 euros per share.

The Board of Directors resolved to amend the terms of the warrant plan 2023
decided by the Board of Directors on 22 June 2023 so that each 20 warrants
entitles to subscribe for one new share. Consequently, a total maximum number of
2 155 000 new shares can be subscribed on the basis of the warrants. In
addition, it was resolved to increase the subscription price per share under the
warrants 20-fold from the original subscription price to 18 euros per share.

Further information
Indiresh Vivekananda. CFO. tel. +971 56 410 8357

Tecnotree is a 5G-ready digital Business Support System (BSS) player, with AI/ML
capabilities and multi-cloud extensibility. Tecnotree is as No.1 on the TM Forum
Open API Conformance table with 59 Open APIs, and this is a result of our
pursuit towards delivering excellence and consistently providing differentiated
experiences and services to the CSPs and DSPs. Our agile and open-source Digital
BSS Stack comprises the full range (order-to-cash) of business processes and
subscription management for telecom and other digital services industries
creating opportunities beyond connectivity. Tecnotree also provides Fintech and
B2B2X multi-experience digital marketplace to its subscriber base through the
Tecnotree Moments platform to empower digitally connected communities across
gaming, health, education, OTT, and other vertical ecosystems. Tecnotree is
listed on Helsinki Nasdaq (TEM1V).

For more information, please visit www.tecnotree.com or social media channels -
LinkedIn I Facebook I Twitter

Attachments:

04194304.pdf