GeoSentric Oyj - Company Announcement

NEGOTIATIONS WITH SINOPHI TERMINATED, GEOSENTRIC HAS REQUESTED SHORT-TERM FUNDING FROM ITS MAIN INVESTORS AND EXAMINES ALTENATIVE ACQUISION TARGET

GEOSENTRIC OYJ      STOCK EXCHANGE RELEASE March 11, 2013 at 16:45





NEGOTIATIONS WITH SINOPHI TERMINATED, GEOSENTRIC HAS REQUESTED SHORT-TERM
FUNDING FROM ITS MAIN INVESTORS AND EXAMINES ALTENATIVE ACQUISION TARGET 



GeoSentric Oyj announced on January 30, 2013 the signing of a term sheet
regarding the acquisition of Sinophi Healthcare Limited. The company announced
further on February 26, 2013 that the negotiations are continuing with the
target to close by the end of Q1 2013. GeoSentric now announces that the
negotiations with Sinophi have been terminated. 



As a result of the termination GeoSentric has commenced negotiations with
another acquisition target based on a similar deal structure that was
negotiated with Sinophi. GeoSentric has also requested additional short-term
funding from its key investors that have already indicated their commitment to
make such short-term funding available to the company. This short-term funding
would enable GeoSentric to complete the acquisition or, in the event of
non-completion, orderly wind-down of its business. The company aims at
releasing further details of the planned new acquisition by the end of the
week. 





GEOSENTRIC OYJ



Board of Directors



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NASDAQ OMX Helsinki

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