Tecnotree Oyj - Decisions of general meeting

Resolutions passed by the Annual General Meeting of Tecnotree Corporation

Tecnotree Corporation
Stock Exchange Release
14 April 2015 at 4.45pm EEST

The Annual General Meeting of Tecnotree Corporation held on 14 April 2015
confirmed the financial statements and the consolidated financial statements
for the financial year 2014 and discharged the Board of Directors and the CEO
from liability for the year 2014. The Annual General Meeting resolved in
accordance with the proposal of the Board of Directors that no dividend is paid
for the year 2014, and that the cumulative loss of the company, EUR
5,505,421.98 (taking in account the loss of the financial year amounting to EUR
5,519,009.82) is covered by non-restricted equity reserves to an amount of EUR
2,131,259.02 and that the remaining loss of EUR 3,374,162.96 is covered by a
reduction of the share capital. 

The Annual General Meeting confirmed that the Board of Directors will consist
of four members. Pentti Heikkinen, Harri Koponen and Christer Sumelius were
re-elected as Board members and Matti Jaakola was elected as a new member of
the Board. The Board members were elected for a period of office expiring at
the end of the first Annual General Meeting following the election. 

The Annual General Meeting resolved that annual fee to the chairman of the
Board of Directors will be EUR 50,000, the annual fee of the vice chairman of
the Board will be EUR 30,000 and the annual fee of the members of the Board of
Directors will be EUR 23,000. In addition it was decided that a compensation of
EUR 800 for the chairman and EUR 500 for a member of the Board of Directors be
paid for attendance at Board and Committee meetings. 

KPMG Oy Ab, Authorised Public Accountants, will continue as the company's
auditor until the end of the following Annual General Meeting.The principal
auditor appointed by them is Mr. Toni Aaltonen, Authorized Public Accountant.
The auditor's fees are paid according to invoice. 

The Annual General Meeting authorized the Board of Directors in accordance with
the proposal of the Board of Directors to decide to issue and/or to convey a
maximum of 100,000,000 new shares and/or the company's own shares either
against payment or for free. New shares may be issued and the company's own
shares may be conveyed to the company's shareholders in proportion to their
current shareholdings in the company or waiving the shareholder's pre-emption
right, through a directed share issue if the company has a weighty financial
reason to do so.The Board of Directors may also decide on a free share issue to
the company itself. 

The Board of Directors is, within the limits of the authorization, authorized
to grant special rights referred to in Chapter 10, Section 1 of the Companies
Act, which carry the right to receive, against payment, new shares of the
company or the company's own shares held by the company in such a manner that
the subscription price of the shares is paid in cash or by using the
subscriber's receivable to set off the subscription price. The Board of
Directors shall decide on other terms and conditions related to the share
issues and granting of the special rights. The said authorisations will be
valid for one year from the decision of the Annual General Meeting. 

In the organizing meeting of the Board of Directors following the Annual
General Meeting, Harri Koponen was elected as Chairman and Pentti Heikkinen as
Vice Chairman of the Board of Directors. No committees were founded by the
Board of Directors. 

The Board of Directors has assessed the Board members' independence in
compliance with the Finnish Corporate Governance Code's recommendations. Based
on the assessment, all Board members are independent of the company and its
major shareholders. 


TECNOTREE CORPORATION

Board of Directors

FURTHER INFORMATION
Mr Ilkka Raiskinen, CEO, tel. +358 45 311 3113

DISTRIBUTION
NASDAQ OMX Helsinki Oy
Main media
www.tecnotree.com

About Tecnotree
Tecnotree is a global provider of telecom IT solutions for the management of
products, customers and revenue. Tecnotree helps communications service
providers to transform their business towards a marketplace of digital
services. Tecnotree empowers service providers to monetise on service bundles,
provide personalised user experiences and augment value throughout the customer
lifecycle. With over 1000 telecom experts, Tecnotree serves more than 100
service providers in over 70 countries. Tecnotree is listed on the main list of
NASDAQ OMX Helsinki with the trading code TEM1V. For more information on
Tecnotree, please visit www.tecnotree.com.