Westend ICT Oyj - Decisions of general meeting

DECISIONS OF THE ANNUAL GENERAL MEETING OF WESTEND ICT PLC

Westend ICT Plc Stock Exchange Release March 24, 2010 at 12.40                  


DECISIONS OF THE ANNUAL GENERAL MEETING OF WESTEND ICT PLC                      


The Annual General Meeting of Westend ICT Plc on 24 Marh 2010 resolved to adopt 
the accounts of Westend ICT Plc for the accounting period of 1 January-31       
December 2009. It also granted the members of the Board of Directors and the    
Chief Executive Officer discharge from liability for the accounting period. The 
profit of the accounting period will be left in the Company's profit and loss   
account. No dividend will be distributed.                                       

The current members of the Board of Directors—Hannu Jokela, Jörg Ott and Mikko  
Salminen—were reselected as the members of the Board of Directors. No deputy    
members were selected for the Board of Directors. The Annual General Meeting    
decided that the members of the Board of Directors will be paid attendance      
allowance as follows: the Chairman of the Board of Directors will be paid 1,500 
euros/month and the members of the Board of Directors 1,000 euros/month. In its 
first meeting, the Board of Directors decided that Mikko Salminen will continue 
as the Chairman of the Board.    
Ernst & Young Oy, an auditing firm authorized by the Central Chamber of
Commerce, with Juha Nenonen (CA) as the main responsible auditor, was elected
as the auditor for the Company. 

The Annual General Meeting decided to change the terms of the company's         
convertible loan in accordance with the proposal of the Board of Directors. The 
terms of the convertible loan decided by the Annual General Meeting on 27 March 
2003 and changed by the Annual General Meeting on 18 June 2009 (registered on 17
July 2009) will be changed to extend the loan period until 31 December 2011 and 
so that when the loan is converted, the entire subscription price is booked to  
the reserve for invested unrestricted equity.  
Additionally, the Annual General Meeting authorised the Board of Directors to   
negotiate with the subscribers of the loan and agree on changing the terms of   
the loan to improve the capital and financing situation of the company. 
51.32 percent of the Company's share capital and votes were present in the      
Annual General Meeting. The decisions of the meeting were made unanimously. 
The minutes of the meeting will be displayed for view of the shareholders at    
the head offices of the company on 7 April 2010, at the latest. 
Westend ICT Plc                                                                 
Hannu Jokela                                                                    
CEO                                                                             
Tel. +358 207 91 6700                                                           


Distribution:                                                                   
NASDAQ OMX Helsinki                                                             
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