GeoSentric Oyj - Decisions of extraordinary general meeting

RESOLUTION OF GEOSENTRIC OYJ EXTRAORDINARY GENERAL MEETING

GEOSENTRIC OYJ      STOCK EXCHANGE RELEASE November 17, 2009 at 10:05 hrs.      


RESOLUTION OF GEOSENTRIC OYJ EXTRAORDINARY GENERAL MEETING                      


The following resolutions were made by the Extraordinary General Meeting of     
GeoSentric Oyj of November 17, 2009:                                            


1. Authorizing the Board to decide upon raising new financing through           
GeoSolutions Holdings N.V.                                                      

The Extraordinary General Meeting authorized the Board to decide upon the terms 
and condition of the new financing amounting up to EUR 25,000,000 at maximum in 
accordance with the proposal of the Board. The purpose of the financing is to   
secure the working capital needs of the group and support the execution of the  
business plan. The current plan is to raise the financing in one or several     
tranches by March 2010.                                                         

The main terms of the financing would be as follows:                            

The financing shall be in a form of a convertible note issued by Company's 100% 
owned subsidiary GeoSolutions Holdings N.V. and directed to a limited number of 
selected investors. The conversion rate will be based on valuation exceeding    
GeoSentric's current stock price in the stock exchanges and accordingly the     
maximum amount of new shares to be issued by virtue of possible conversions     
shall in all events be less than half of GeoSolutions Holdings N.V's outstanding
shares and share capital.                                                       

The investors may also be offered an option to convert their notes into         
GeoSentric's shares alternatively. In such conversions the number of            
GeoSentric's shares received would be the same proportional amount of fully     
diluted shares as the investor otherwise would have received of the GeoSolutions
Holdings N.V's shares. The Board shall have authority to approve such           
conversion.                                                                     


Salo November 17, 2009                                                          

GeoSentric Oyj                                                                  

Board of Directors                                                              

For more information, please contact: investors@gypsii.com                      


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