Affecto Oyj - Company Announcement

AFFECTO WILL DELIVER AN IT SOLUTION TO LITHUANIAN MINISTRY OF EDUCATION TO IMPROVE PROCESSES OF EDUCATION INSTITUTIONS

AFFECTO PLC              PRESS RELEASE                 23 JANUARY 2008

AFFECTO WILL DELIVER AN IT SOLUTION TO LITHUANIAN MINISTRY OF EDUCATION TO
IMPROVE PROCESSES OF EDUCATION INSTITUTIONS

The  IT solution provider Affecto has agreed to deliver an IT solution to  the
Lithuanian  Ministry  of  Education and Science to improve  the  processes  of
education institutions. The solution (Lithuanian Higher Education and Research
Information System, LieMSIS) will enable the higher education institutions  in
Lithuania to improve their management processes and to enhance their  internet
service offering.

The solution will be based on Oracle technologies, mainly on Oracle e-Business
Suite   and   Peoplesoft  Enterprise.  The  system  scope   will   cover   ERP
functionalities, such as financial management, HR and payroll  management  and
student  administration  functions.  The  employees  and  students  at  higher
education and research institutions in Lithuania will be using the system.

The  total  value of the project is estimated to be over 3 million  euros,  of
which  the  services will be over 2 million and third-party  licenses  over  1
million.  The  licenses will be booked to Affecto's 2007  net  sales  and  the
project  services will be included in the order backlog at end  of  2007.  The
project  will  last  until  2010 and will employ 10-20  Affecto  professionals
during that time.


AFFECTO PLC
Pekka Eloholma
CEO


Additional information:
Pekka Eloholma, CEO, tel. +358 205 777 737
Kestutis Uzpalis, Director of Baltic operations, Tel. +370 5 212 3712