Tieto Oyj - Company Announcement

Nokia Siemens Networks to transfer part of its network management system R&D to Tieto

Tieto Corporation STOCK EXCHANGE RELEASE 6 March 2012, 9.00 am EET

Tieto and Nokia Siemens Networks have signed an agreement on the planned
outsourcing of part of the maintenance, technical support and R&D for Nokia
Siemens Networks' mobile network Operations Support System (OSS) and Subscriber
Data Management (SDM) activities in Finland. As part of the planned
outsourcing, approximately 240 employees who are working primarily in R&D in
Tampere and Espoo will also transfer to Tieto as existing employees. The
planned transaction will strengthen Tieto's position as an outsourcing provider
of both R&D and IT services. 

“Nokia Siemens Networks and Tieto have been partners for a long time. This
planned outsourcing is in line with our global strategy announced in November
of focusing on the core areas of business and increasing efficiency. Our aim
with this planned transaction is to enhance the flexibility and efficiency of
our operations and further deepen cooperation with Tieto on network management
systems. This cooperation will also present the employees transferring to Tieto
with new career opportunities as part of a leading IT service company,” says
Pekka Soini, Finland Country Director at Nokia Siemens Networks. 

“The Nokia Siemens Networks employees that are transferring to Tieto are
experts whose experience in a distributed and agile R&D, software architecture
and project management strengthens our R&D competence even further. Their
knowledge and expertise are an asset which can be utilized within the whole
Tieto. In addition, their expertise in network management will further expand
our industry knowledge of the telecom sector, creating new business
opportunities for us. We are happy to engage ourselves in a closer cooperation
in this important area,” says Ari Vanhanen, Executive Vice President, Product
Engineering Solutions. 

The planned outsourcing is subject to approval by the Finnish Competition
Authority. It is expected to be completed at the beginning of April 2012. 

For further information, please contact:

Ari Vanhanen, Executive Vice President, Product Engineering Solutions, tel.
+358 (0)500 432830, ari.vanhanen(at)tieto.com 

Riitta Mård, Communications Manager, Nokia Siemens Networks, tel. +358 (0)50
5149718, riitta.mard(at)nsn.com 

TIETO CORPORATION

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Tieto is the leading IT service company in Northern Europe providing IT and
product engineering services. Our highly specialized IT solutions and services
complemented by a strong technology platform create tangible business benefits
for our local and global customers. As a trusted transformation partner, we are
close to our customers and understand their unique needs. With about 18 000
experts, we aim to become a leading service integrator creating the best
service experience in IT. www.tieto.com 

Nokia Siemens Networks is the world's specialist in mobile broadband. From the
first ever call on GSM, to the first call on LTE, we operate at the forefront
of each generation of mobile technology. Our global experts invent the new
capabilities our customers need in their networks. We provide the world's most
efficient mobile networks, the intelligence to maximize the value of those
networks, and the services to make it all work seamlessly. 

With headquarters in Espoo, Finland, we operate in over 150 countries and had
net sales of over 14 billion euros in 2011. http://www.nokiasiemensnetworks.com