GeoSentric Oyj - Company Announcement

CANCELLATION OF ANNUAL GENERAL MEETING

GEOSENTRIC OYJ      STOCK EXCHANGE RELEASE May 12, 2010 at 16.50                


CANCELLATION OF ANNUAL GENERAL MEETING                                          


The Board of Directors of GeoSentric Oyj (“GeoSentric” or the “Company”) has    
decided to cancel the Annual General Meeting of the shareholders originally     
called to convene on Friday, May 14, 2010 at 9:30 am.                           

As announced before, the Company is engaged in ongoing negotiations with its key
shareholders and investors to explore the different financing alternatives. The 
latest update can be found in Company's Financial Statements 2009 release       
published on March 31, 2010.                                                    

The Company expected to have the outcome from these negotiations available to be
presented to the shareholders in the Annual General Meeting. However, despite   
the recent progress, the negotiations have taken longer than originally         
anticipated. Therefore the Board of Directors have decided to cancel the Annual 
General Meeting. New meeting date and call will be published immediately when   
the financing negotiations have been completed. In any event the Annual General 
Meeting will be held by the end of June as required by the Articles of          
Association.                                                                    


GEOSENTRIC OYJ                                                                  


Board of Directors                                                              


Distribution:                                                                   
NASDAQ OMX Helsinki                                                             
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