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 April 29, 2009 at 13.15              


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 15, 2009 that the number of        
ordinary members of the Board is seven (7) and that Mr. Daniel Harple, Mr.      
Michael Vucekovich, Mr. Gary Bellot, Mr. Andries van Dam, Mr. Winston Guillory  
and Mr. Johannes van der Velde shall be re-elected to the Board and Mr. Raymond 
Kalley shall be elected as a new ordinary member to the Board. Mr. Daniel 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 position.                                                               

When preparing the proposal the Nomination and Corporate Governance Committee   
has discussed with the significant shareholders of the company and the proposal 
is supported by the shareholders representing at least 27.97 % of the votes.    


GEOSENTRIC OYJ                                                                  


Distribution:                                                                   
NASDAQ OMX Helsinki                                                             
Principal news media