Tecnotree Oyj - Decisions of general meeting

Resolutions passed by the Annual General Meeting of Tecnotree Corporation

Tecnotree Corporation
Stock Exchange Release
28th  March 2012, 6.30 p.m. EET

The Annual General Meeting of Tecnotree Corporation held on 28 March 2012
confirmed the financial statements and the consolidated financial statements
for the financial year 2011 and discharged the Board of Directors and the CEO
from liability for the year 2011 except Atul Chopra who was not discharged from
liability. The Annual General Meeting resolved in accordance with the proposal
of the Board of Directors that no dividend be paid for the year 2011, and that
the parent company's loss for the financial year, 13.872.371,72 euros, be
covered by non-restricted equity reserves. 

The Annual General Meeting confirmed that the Board of Directors will consists
of seven members. Johan Hammarén, Pentti Heikkinen, Harri Koponen, Ilkka
Raiskinen, Christer Sumelius and Hannu Turunen were re-elected as Board members
and Tuija Soanjärvi as new Board member. The Board members were elected for a
period of office expiring at the end of the first Annual General Meeting
following the election. 

The Annual General Meeting resolved that the annual remunerations to the
members of the Board of Directors be 50,000 euros for the Chairman, 30,000
euros for the Vice-Chairman and 23,000 euros for a member. In addition it was
decided that a compensation of 800 euros for the Chairman and 500 euros for a
member of the Board of Directors be paid for attendance at Board and Committee
meetings. 

KPMG Oy Ab, Authorised Public Accountants, will continue as the Company's
auditor until the end of the following Annual General Meeting.The principal
auditor appointed by them is Mr. Toni Aaltonen, Authorized Public Accountant. 

The Annual General Meeting authorised the Board of Directors in accordance with
the proposal of the Board of Directors to decide on the acquisition of a
maximum of 7,360,000 of the Company's own shares. Own shares shall be acquired
with unrestricted shareholders' equity otherwise than in proportion to the
holdings of the shareholders through public trading of the securities on NASDAQ
OMX Helsinki Oy at the market price of the shares in public trading at the time
of the acquisition. Own shares can be acquired for the purpose of developing
the capital structure of the Company, carrying out corporate acquisitions or
other business arrangements to develop the business of the Company, financing
capital expenditure, to be used as part of the Company's incentive schemes, or
to be otherwise retained in the possession of the Company, disposed of or
nullified in the extent and manner decided by the Board of Directors. The Board
of Directors will decide on other terms of the share acquisition. The
authorisation will be valid for one year from the decision of the Annual
General Meeting. 

The Annual General Meeting authorised the Board of Directors in accordance with
the proposal of the Board of Directors to decide to issue and/or to convey a
maximum of 22,500,000 new shares and/or the Company's own shares either against
payment or for free. New shares may be issued and the Company's own shares may
be conveyed to the Company's shareholders in proportion to their current
shareholdings in the Company or waiving the shareholder's pre-emption right,
through a directed share issue if the Company has a weighty financial reason to
do so.The Board of Directors may also decide on a free share issue to the
Company itself. The Board of Directors is, within the authorization, authorized
to grant the special rights referred to in Chapter 10, Section 1 of the
Companies Act, which carry the right to receive, against payment, new shares of
the Company or the Company's own shares held by the Company in such a manner
that the subscription price of the shares is paid in cash or by using the
subscriber's receivable to set off the subscription price. The Board of
Directors shall decide on other terms and conditions related to the share
issues and granting of the special rights. The said authorisations will be
valid forone year from the decision of the Annual General Meeting. 

Chairman of the Board of Directors and Board Committees

In the assembly meeting of the Board of Directors following the Annual General
Meeting, Harri Koponen was elected as Chairman and Ilkka Raiskinen as Vice
Chairman of the Board of Directors. Harri Koponen was elected as Chairman of
the Audit Committee and Tuija Soanjärvi, Ilkka Raiskinen and Hannu Turunen as
members. Christer Sumelius was elected as Chairman of the Compensation and
Nomination Committee and Johan Hammarén, Harri Koponen and Ilkka Raiskinen as
members. 

The Board of Directors has assessed the Board members' independence in
compliance with the Finnish Corporate Governance Code's recommendations. Based
on the assessment, all Board members are independent of the company and its
major shareholders. 

TECNOTREE CORPORATION

Board of Directors

FURTHER INFORMATION
Mr Kaj Hagros, President and CEO, tel. +358 40 849 1749

DISTRIBUTION
NASDAQ OMX Helsinki Oy
Main media
www.tecnotree.com

About Tecnotree
Tecnotree is a global provider of a broad range of telecom IT solutions focused
on charging, billing, customer care, messaging and content services. Tecnotree
empowers communication service providers to create and monetize a broad
marketplace of digital services, and augment value across the customer
lifecycle. Acknowledged for agility and commitment, Tecnotree has more than 800
employees serving over 100 operators globally. Tecnotree is listed on the main
list of NASDAQ OMX Helsinki Ltd. with the trading code TEM1V. For more
information on Tecnotree visit www.tecnotree.com.