Tecnotree Oyj - Company Announcement

Tecnotree and Lap GreenN renew strategic partnership and agree on receivables

Tecnotree Corporation
Stock Exchange Release
8 April 2013 at 3.15 pm EEST

Tecnotree and LAP GreenN have agreed to renew their strategic partnership and
as part of that process have amicably resolved their disputes related to past
dues as previously reported in the financial statements of Tecnotree. The
parties have agreed on the terms and conditions of their future collaboration
and the total value of the agreement is USD 5.5 million, payable across 2013
and 2014. As part of the agreement, Tecnotree resumes full support services to
LAP GreenN and updates software in use to latest available versions within the
next 18 months. Tecnotree will book the income after confirmation of each
payment. Along with the new agreement, the parties express their intention to
deepen their partnership also in new fields. 

Kaj Hagros, Tecnotree President and CEO comments: “Tecnotree is very excited to
resume business with LAP GreenN, an important operator group in the African
continent. The settlement announced today has been reached in good spirit and
collaboration, reconfirming the active partnership to maintain and develop
existing solutions while seeking to expand the scope and reach.” 

Wafik Al Shater, Group CEO of LAP GreenN says: “We are pleased to have reached
agreement to cement our on-going relationship with our key partner Tecnotree. 
LAP GreenN is operating under a new executive management team and planning to
grow its operations beyond Ivory Coast, Uganda and South Sudan. We look forward
to working further with Tecnotree, our partner in supplying business support
systems across our portfolio of mobile network operating companies.” 

TECNOTREE CORPORATION



FURTHER INFORMATION
Kaj Hagros, President and CEO, tel. +358 40 849 1749

DISTRIBUTION
NASDAQ OMX Helsinki Ltd.
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 service bundles,
provide personalised user experiences and augment value throughout the customer
lifecycle. With over 1100 telecom experts, Tecnotree serves more than 1100
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 

About LAP GreenN
LAP GreenN, operating now under the brand Green Networks, is the
telecommunications investment arm of Libyan African Investment Portfolio (LAP),
focusing on the telecommunications sector in emerging markets. Green Networks
is a provider of total communication solutions, offering mobile & fixed voice,
data, internet and business continuity services with operations in East and
West Africa.