Westend ICT Oyj - Decisions of general meeting

DECISIONS OF THE ANNUAL GENERAL MEETING OF WESTEND ICT PLC

Westend ICT Plc Stock Exchange Release June 18, 2009 at 12.00                   

DECISIONS OF THE ANNUAL GENERAL MEETING OF WESTEND ICT PLC                      


The Annual General Meeting of Westend ICT Plc on 18 June 2009 resolved to adopt 
the accounts of Westend ICT Plc for the accounting period of 1 January-31       
December 2008. It also granted the members of the Board of Directors and the    
Chief Executive Officer discharge from liability for the accounting period. The 
loss 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 authorised the Board of Directors to grant new shares
against payment or a receivable from the company in a share issue and to grant  
special rights in accordance with the Chapter 10, Section 1 of the Companies    
Act, including option rights, which give the right to subscribe shares against  
payment or a receivable from the company. The amount of new shares issued by the
company and new shares subscribed on the basis of special rights can be         
60,000,000 at the maximum.                                                      

The authorisation includes the right to grant shares or special rights entitling
to shares in a directed issue, that is, to deviate from the shareholders'       
privilege on the basis of the prerequisites specified in the Companies Act. A   
directed share issue shall require a weighty financial reason on the part of the
company, such as managing the company's capital, financing or implementing      
acquisitions or other business arrangements, implementing incentive systems     
targeted at the company's personnel, or other important financial reason for the
company specified by the Board of Directors. On the basis of the authorisation, 
the Board of Directors shall have the right to decide on all other terms of the 
issuing of new shares or granting of the mentioned special rights, including the
recipients of shares or special rights and the amount of compensation to be     
paid. The authorisation shall be valid until December 31, 2012.                 

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 3 April 2008 (registered on 21
April 2008) will be changed to extend the loan period until 31 December 2010. 
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 3 July 2009, at the latest. 
Westend ICT Plc                                                                 
Hannu Jokela                                                                    
CEO                                                                             
Tel. +358 207 91 6700                                                           


Distribution:                                                                   
NASDAQ OMX Helsinki                                                             
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