GeoSentric Oyj - Company Announcement

NOMINATION AND CORPORATE GOVERNANCE COMMITTEE'S PROPOSAL TO ANNUAL GENERAL MEETING FOR NOMINATION OF BOARD MEMBERS

GEOSENTRIC OYJ      STOCK EXCHANGE RELEASE May 10, 2010 at 11.30 am             


NOMINATION AND CORPORATE GOVERNANCE COMMITTEE'S PROPOSAL TO ANNUAL GENERAL      
MEETING FOR NOMINATION OF BOARD MEMBERS                                         

The Nomination and Corporate Governance Committee of GeoSentric Oyj proposes to 
the Annual General Meeting to be held on May 14, 2010 that the number of        
ordinary members of the Board is seven (7) and that Mr. Dan Harple, Mr. Mike    
Vucekovich, Mr. Gary Bellot, Mr. Andy van Dam, Mr. Winston Guillory and Mr.     
Raymond Kalley shall be re-elected to the Board and Mr. Mike Po shall be elected
as a new ordinary member to the Board. Mr. Dan Harple is proposed to continue as
the Chairman of the Board of Directors.                                         

In addition, it is proposed that the Board of Directors' meeting fees shall be  
as follows: gross fee of EUR 1,500 per each attended meeting, for a maximum of  
eight meetings per year. Also, it will be proposed that similarly gross fee of  
EUR 1,500 is for each committee meeting to the members of the committee.        
Additionally it is proposed that the members of the Board of Directors are      
entitled to standard incentive plan according to common practices of the        
company.                                                                        

Biographical details of the nominees for the Board of Directors are presented on
the company's website www.geosentric.com. All nominees have given their consent 
for the nomination.                                                             

When preparing the proposal the Nomination and Corporate Governance Committee   
has discussed with significant shareholders of the company and the proposal is  
supported by the shareholders representing approximately 40% of all votes.      

GEOSENTRIC OYJ                                                                  


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NASDAQ OMX Helsinki                                                             
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