GeoSentric Oyj - Company Announcement

GEOSENTRIC EXTENDS THE SUBSCRIPTION PERIOD FOR THE LOAN NOTE ISSUE

GEOSENTRIC OYJ      BULLETIN November 18, 2008 at 18.00                         


GEOSENTRIC EXTENDS THE SUBSCRIPTION PERIOD FOR THE LOAN NOTE ISSUE              

As informed in the bulletin released on September 3, 2008 GeoSentric Oyj has    
decided to raise a maximum amount of EUR 16,000,000 (“Issue”) by virtue of      
authorization granted by the Extraordinary General Meeting of September 10,     
2007, by issuing a loan note which includes a specific option right to use the  
note to set off subscription price of shares as according to Chapter 10, Clause 
1 of the Finnish Companies Act (“Note”). As disclosed earlier on September 3,   
and October 13, 2008 the Company has already accepted Note subscriptions for a  
total amount of EUR 10,000,000.                                                 

The subscription period for the Issue was originally intended to end on November
18, 2008. However, as certain investors have expressed their interest to make an
investment in the company the Board has decided to extend the subscription      
period of the Issue until April 1, 2009 to explore the investment proposals to  
raise the remaining at maximum EUR 6,000,000.                                   


November 18, 2008                                                               

GeoSentric Oyj                                                                  

Distribution:                                                                   
NASDAQ OMX Helsinki                                                             
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