Tecnotree Oyj - Other information disclosed according to the rules of the Exchange

Tecnotree Launches Global Cost Efficiency Program to Drive Operational Excellence

Tecnotree Corporation Stock Exchange Release 28 March 2024 at 11:00 EET

Tecnotree (TEM1V.HE), a global digital platform and services leader for AI, 5G,
and cloud-native technologies, announces the initiation of a global cost
efficiency program aimed at enhancing operational effectiveness and maximizing
shareholder value and maintaining investments.

As previously announced in the 2023 financial report the company will embark on
a global initiative targeting significant cost optimization across its
operations. This program will encompass locations in the USA India, and Finland,
optimizing production processes and streamlining activities to achieve greater
efficiency and competitiveness in the market. The targeted efficiency
improvements are expected to yield between 5 to 7 percent annual savings with
full effectiveness anticipated by 2025. These savings will be achieved through a
combination of streamlined operations, enhanced productivity, and optimized
resource utilization.

We would like to clarify that this release does not change the previously
announced profitability forecast. The cost efficiency program is part of our
ongoing efforts to enhance operational effectiveness and is in line with our
long-term financial objectives.

Further information
Indiresh Vivekananda. CFO. tel. +971 56 410 8357

Tecnotree is a 5G-ready digital Business Support System (BSS) player, with AI/ML
capabilities and multi-cloud extensibility. Tecnotree is as No.1 on the TM Forum
Open API Conformance table with 59 Open APIs, and this is a result of our
pursuit towards delivering excellence and consistently providing differentiated
experiences and services to the CSPs and DSPs. Our agile and open-source Digital
BSS Stack comprises the full range (order-to-cash) of business processes and
subscription management for telecom and other digital services industries
creating opportunities beyond connectivity. Tecnotree also provides Fintech and
B2B2X multi-experience digital marketplace to its subscriber base through the
Tecnotree Moments platform to empower digitally connected communities across
gaming, health, education, OTT, and other vertical ecosystems. Tecnotree is
listed on Helsinki Nasdaq (TEM1V).

For more information, please visit www.tecnotree.com or social media channels -
LinkedIn I Facebook I Twitter

Attachments:

03284185.pdf