Affecto Oyj - Company Announcement

AFFECTO STREAMLINES ITS OPERATIONS IN BALTIC COUNTRIES

AFFECTO PLC         STOCK EXCHANGE RELEASE         1 APRIL 2009 at 09.45

AFFECTO STREAMLINES ITS OPERATIONS IN BALTIC COUNTRIES

Affecto  Plc has decided to streamline its business activities in  the  Baltic
countries.  The  Baltic economies have developed weakly  during  the  economic
crisis. The IT investments from the public sector are expected to decrease due
to government cost saving programs. Affecto's business in the Baltic countries
has developed weakly in 2009 and has been clearly unprofitable.

Affecto's goal is to reduce the personnel in Baltic countries by some 130 i.e.
by approx. one third of employees in Baltic. The business in Latvia and Poland
will be cut significantly, and to some extent also in Lithuania.

The  actions  are estimated to cause approx. 1.7 MEUR costs. The  final  costs
will  become  clear  during the process. In addition, the  book-value  of  the
Baltic  operations will be subject to a write-down of approx.  6.2  MEUR.  The
estimated  costs will be recognized in the first quarter results. The  actions
are  estimated to generate savings of approx. 3.8 MEUR annually  in  personnel
cost.

Affecto's  business  in  the  Nordic countries has developed  reasonably  well
taking the current business conditions into account, and the currently planned
actions are not targeting the Nordic countries."The  IT  service market in the Baltic countries has developed very weakly  in
early  2009, and we do not believe that the market will recover very  quickly.
We  do  not  find  it  reasonable to maintain the local delivery  capacity  at
previous  level,  so we are adjusting it to the current business  conditions",
says Affecto's CEO Pekka Eloholma.


Affecto Plc
CEO Pekka Eloholma


Additional information:
CEO Pekka Eloholma, tel. +358 205 777 737
Area manager for Baltic, Stig-Göran Sandberg, tel. +358 205 777 261


www.affecto.com