Tecnotree Oyj - Company Announcement

Draft Restructuring Programme

Tecnotree Corporation
Stock Exchange Release
30 March 2016 at 12.00 a.m. EEST

The Administrator of the corporate restructuring of Tecnotree Corporation has
today filed the draft restructuring programme to the District Court of Espoo. 

The Administrator considers that the draft restructuring programme will result
in a more favorable outcome for the creditors compared to bankruptcy. The
Administrator's view is that if implemented, the draft restructuring programme
would lead to the company's operations being rehabilitated. 

The figures presented in this release are unaudited.

The essential content of the draft restructuring programme is as follows:

At the moment, the total amount of the restructuring debts to be taken into
account in the restructuring proceedings is approximately 73.9 million euros.
The company has intragroup restructuring debts approximately 36.7 million
euros. According to the Administrator’s draft programme the intragroup
restructuring debts will be fully cut. In addition, the company has 11.1
million euros unsecured debt. The total amount of the restructuring debts
includes also approximately 26.1 million euros secured debts out of which
approximately 8.9 million euros is secured by business mortgage. The
Administrator is proposing that the unsecured restructuring debts be cut by 50%
which would leave 50% of the amount of such debt to be repaid. 

The draft restructuring programme does include a provision on a duty to make
supplementary payments on restructuring debts with no priority if the company's
actual cash flow exceeds the projected cash flow during the payment programme. 

Payments under the restructuring programme will end on 31 December 2020.

The draft restructuring programme contains obligations concerning the sale of
the company’s property. The sales proceeds will be used to fund some of the
payments to secured creditors and to creditors holding a business mortgage as
security for their claims. 

If the draft restructuring programme is approved, the group will record a
one-off positive income effect of approximately 5.6 million euros as a result
of debt rearrangement. 

The approval and entry into force of the draft programme are conditional upon
Tecnotree Corporation's General Meeting approving the draft programme. 

TECNOTREE CORPORATION

MORE INFORMATION
Ilkka Raiskinen, CEO, puhelin +358 (0)45 311 3113
ilkka.raiskinen@tecnotree.com
Tuomas Wegelius, CFO, +358 (0)400 433228
tuomas.wegelius@tecnotree.com

DISTRIBUTION
Nasdaq Helsinki Ltd
Main Media
www.tecnotree.com

About Tecnotree
Tecnotree is a global provider of telecom IT solutions for the management of
products, customers and revenue. Tecnotree helps communications service
providers to transform their business towards a marketplace of digital
services. Tecnotree empowers service providers to monetise service bundles,
provide personalised user experiences and augment value throughout the customer
lifecycle. With around 1000 telecom experts, Tecnotree serves around 90 service
providers in around 70 countries. Tecnotree is listed on the main list of
Nasdaq Helsinki with the trading code TEM1V. For more information on Tecnotree,
please visit www.tecnotree.com.