Tieto Oyj - Company Announcement

Tieto divests its UK based financial services product business

Tieto Corporation STOCK EXCHANGE RELEASE           13 February 2012, 9.30 am EET

Tieto Corporation has agreed to sell its financial services products business
based in the UK to Sopra Group, a leading global technical consulting company,
based in Paris, France. The unit provides various mortgages, savings, credit
and debt collections systems to organizations including banks, lenders and
collection agencies in the UK. This business currently employs approximately
160 people. 

Net sales of the divested business amounted to EUR 22 million in 2011. Tieto
estimates that it will book a capital gain of around EUR 15 million in its
first-quarter results. The divestment is expected to be closed and its cash
flow effect to materialize during the first quarter of 2012. "The divestment is part of Tieto's strategy to exit non-core businesses. The
synergies between our UK-based products business and the rest of Tieto's
business in the country and other parts of Financial Services are very low and
therefore we have decided to divest it. The rest of Tieto's business in the UK
remain unchanged i.e. our current services and customer relations for
transaction banking products (payments and cash management), capital markets
(securities), forest and energy solutions will continue,” says Per Johanson,
Executive Vice President, Industry Solutions. 

For more information, please contact:
Per Johanson, Executive Vice President, Industry Solutions, Tieto Corporation,
tel. +46 76 8212029 

TIETO CORPORATION

DISTRIBUTION
NASDAQ OMX Helsinki
NASDAQ OMX Stockholm
Principal Media

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 

Sopra Group
A leader in the European consulting, IT services and software development
markets, Sopra Group generated revenue of 1.17 billion euros in 2010 and
employs over 13,000 people. Thanks to a longstanding culture of excellence and
strong sector-specific, functional and technological know-how, the Group offers
its clients an end to end approach based on a well-honed business model. Sopra
Group's ambition is to allow its clients to successfully execute transformation
projects that will give them a competitive edge and help them drive growth.
Sopra Group's savoir-faire encompasses prior strategic reflection through to
the supervision and implementation of major programmes. For more information,
please visit our website www.sopragroup.com.