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

The Nasdaq Helsinki Disciplinary Committee issues Digia Plc with a warning and fine for violating the rules of the Exchange

Digia Plc
Stock exchange release
31 March 2017 at 9:05 am

The Nasdaq Helsinki Disciplinary Committee issues Digia Plc with a warning and
fine for violating the rules of the Exchange

The Nasdaq Helsinki Disciplinary Committee has issued Digia Plc with a warning
and a fine of EUR 40,000 for violating the rules of the Exchange. The decision
relates to the Finnish Tax Administration's selection of a solution supplier for
the national income register and the communication of this issue. According to
the decision, Digia Plc breached the sections of the Exchange's rules relating
to misleading communications, the management of insider information and the
arrangement of corporate governance. Nasdaq Helsinki has today published the
decision of the Disciplinary Committee in more detail.

At 12.08 pm on 14 October 2016, Digia Plc received information that the Tax
Administration had chosen Digia as the provider of a national income register
solution on the basis of a procurement procedure. The Tax Administration issued
Digia with its formal procurement decision by e-mail, at 12.52 pm. At 1.17 pm on
the same day, the Tax Administration announced that it had chosen Digia Finland
Ltd as the software supplier for the national income register solution and that
the total cost of the procurement was around EUR 90 million over a 15-year
contract period. Immediately after this, Digia began to draw up its own,
rectifying stock exchange release in order to clarify certain issues in the Tax
Administration's press release, the content of which highlighted the procurement
overall value. Following the publication of the Tax Administration's press
release, Digia's share price rose by around 7.8 per cent until trading in the
company's shares was suspended. At 4.10 pm on 14 October 2016, Digia Plc issued
a stock exchange bulletin as follows, "Finnish Tax Administration chooses Digia
Finland Ltd as software supplier of national income register". In this stock
exchange release, Digia stated that the total value of the procurement was
around EUR 90 million over a 15-year contract period, of which Digia's share
would be around EUR 60 million.

In its corrective stock exchange release, Digia did not sufficiently emphasis
the framework agreement nature of the Tax Administration's procurement solution,
or the uncertainty factors related to the unusually long duration of the
contract and the other elements of the framework agreement. Digia takes
compliance with the Exchange's rules very seriously. Digia has already begun
taking the measures required to avoid the occurrence of similar situations in
the future.

For more information, please contact:
Mika Kervinen, General Counsel, Digia Plc
Tel. +358 50 994 2339, mika.kervinen@digia.com

Distribution:
Nasdaq Helsinki
Key media
www.digia.com

Digia is a profitably growing IT service company that helps its customers
harness digital opportunities. As a visionary partner, Digia develops and
innovates solutions that support business operations together with its
customers. We adapt our expertise to their specific industries to help them
develop digital services, manage operations and utilise information. We employ
over 870 experts in Finland and Sweden. We are expanding our international
presence together with our customers. Digia's continuing operations had net
sales of EUR 86.5 million in 2016. The company is listed on Nasdaq Helsinki
(DIGIA). www.digia.com



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