Tieto Oyj - Company Announcement

Tieto divests its local German and Dutch businesses

Tieto Corporation Stock Exchange Release 4 February 2013, 9.30 am EET

Tieto Corporation has agreed to sell the majority of its operations in Germany
and Netherlands to the German industrial group AURELIUS. The divestment also
includes dedicated development resources in Poland and India. Closing is
expected to take place during the second quarter of 2013, subject to closing
conditions, including anti-trust clearance. The divestment is a consequence of
Tieto's strategy to focus its operations on core businesses and divest
sub-scale businesses where synergies are limited. 

Net sales of the divested businesses amounted to over EUR 110 million in 2012.
German businesses were loss-making in 2012 and the divestment will improve
Tieto's operating margin of underlying business by some 0.5 percentage points
based on 2012 performance. Tieto booked about EUR 30 million in impairment in
the fourth-quarter 2012. At the time of the closing, Tieto is expected to book
some EUR 5 million in additional divestment costs, mainly related to taxes. The
cash flow impact will amount to approximately EUR 20 million negative, mainly
due to the restoration of shareholders equity in Tieto Deutschland GmbH, which
occur between signing and closing. The divested business operations, including
around 900 employees in total, will be transferred to the new owner at the time
of closing. 

The divestment excludes Tieto´s global businesses and customers, i.e. the
forest-industry business in Germany, the energy-industry business in
Netherlands, Product Engineering resources for global customers and selective
other global roles. Some 100 employees related to forest-industry business will
remain in Germany focusing on Tieto's global TIPS product targeted at forest
customers, and some 20 employees in Netherlands in the Energy Component
business to all Tieto markets as well as some 20 employees in other global
roles. 

“Tieto's aim is to enhance its industry expertise with repeatable solutions and
find synergies within all operations. The divestment of local German and Dutch
businesses is a natural step as the sold operations have limited synergies with
our core businesses. This arrangement is expected to be very good for our
employees, Aurelius and Tieto,” says Kimmo Alkio, President and CEO, Tieto
Corporation. 

“Information technology will be an important growth driver for Aurelius in the
coming years. The acquired businesses from Tieto represent our fourth
investment in this sector over the last twelve months,” said Dirk Markus,
Chairman of the Executive Board of Aurelius. “We will make sure that the
activities now acquired from Tieto will find a good home within the AURELIUS
Group.” 

For further information, please contact:

Lasse Heinonen, CFO, tel. +358 2072 66329, +358 50 393 4950,
lasse.heinonen(at)tieto.com 

Pellervo Hämäläinen, Vice President, Communications and IR, tel. +358 2072
52729, +358 40 674 5257, pellervo.hamalainen(at)tieto.com 



TIETO CORPORATION



DISTRIBUTION

NASDAQ OMX Helsinki

NASDAQ OMX Stockholm

Principal Media



Tieto is the largest Nordic IT services company providing full life-cycle
services for both private and public sectors. The company has global presence
through its product engineering business and the global delivery centers. Tieto
is committed to develop enterprises and society through IT by realizing new
opportunities in customers' business transformation. At Tieto, we believe in
professional development and results. Founded 1968, headquartered in Helsinki,
Finland and with approximately 17 000 experts, the company operates in over 20
countries with net sales at approximately EUR 1.8 billion. Tieto's shares are
listed on NASDAQ OMX in Helsinki and Stockholm. Please visit www.tieto.com for
more information.