Tieto Oyj - Company Announcement

Tieto’s Board of Directors convenes Annual General Meeting 2012

Tieto Corporation STOCK EXCHANGE RELEASE 8 February 2012, 2.00 pm EET

The Board of Directors of Tieto Corporation has resolved to convene the Annual
General Meeting to be held on 22 March 2012. The Board of Directors and its
Audit and Risk Committee propose to the Annual General Meeting that the meeting
would decide as follows: 

1 Payment of dividend

The Board of Directors proposes to the Annual General Meeting that a dividend
of EUR 0.75 per share be paid from the distributable assets for the financial
year that ended on 31 December 2011. The dividend shall be paid to shareholders
who on the record date for the dividend payment, 27 March 2012, are recorded in
the shareholders' register held by Euroclear Finland Ltd or the register of
Euroclear Sweden AB. The dividend shall be paid as from 13 April 2012. 

2 Authorizing the Board of Directors to decide on the repurchase of the
company's own shares 

The Board of Directors proposes to the Annual General Meeting that the Board of
Directors be authorized to decide on the repurchase of the company's own shares
as follows: 

The amount of own shares to be repurchased shall not exceed 7 200 000 shares,
which currently corresponds to approximately 10% of all the shares in the
company. Only the unrestricted equity of the company can be used to repurchase
own shares. 

Own shares can be repurchased at a price formed in public trading on the date
of the repurchase or at a price otherwise formed on the market. 

The Board of Directors decides how the share repurchase will be carried out.
Own shares can be repurchased, inter alia, by using derivatives. The company's
own shares can be repurchased otherwise than in proportion to the current
shareholdings of the shareholders (directed repurchase). 

The authorization cancels previous unused authorizations to decide on the
repurchase of the company's own shares. The authorization is effective until
the next Annual General Meeting, however, no longer than until 22 September
2013. 

3 Authorizing the Board of Directors to decide on the issuance of shares as
well as options and other special rights entitling to shares 

The Board of Directors proposes to the Annual General Meeting that the Board of
Directors be authorized to decide on the issuance of shares as well as on the
issuance of option rights and other special rights entitling to shares referred
to in chapter 10 section 1 of the Companies Act in one or more tranches as
follows: 

The amount of shares to be issued based on the authorization, including shares
to be issued based on the special rights, shall not exceed 14 400 000 shares,
which currently corresponds to approximately 20% of all the shares in the
company. However, out of the maximum amount of shares above to be issued, no
more than 2 000 000 shares, currently corresponding to approximately 2.8% of
the shares in the company, may be issued as part of the company's share-based
incentive programmes. 

The Board of Directors decides on the terms and conditions of the issuance of
shares and of special rights entitling to shares. The authorization concerns
both the issuance of new shares as well as the transfer of treasury shares. The
issuance of shares and of special rights entitling to shares may be carried out
in deviation from the shareholders' pre-emptive right (directed issue). 

The authorization cancels previous unused authorizations to decide on the
issuance of shares and on the issuance of options and other special rights
entitling to shares. The authorization is effective until 22 March 2017. 

4 Donations for philanthropic purposes

The Board of Directors proposes to the Annual General Meeting to authorize the
Board of Directors to decide on donations to a maximum amount of EUR 200 000 to
be made for philanthropic or corresponding purposes until the Annual General
Meeting 2013 and to authorize the Board of Directors to determine its purpose
and the donee or donees in detail. 

5 Remuneration and election of the auditor

The Audit and Risk Committee of the Board of Directors proposes to the Annual
General Meeting that the auditor to be elected at the Annual General Meeting be
reimbursed according to the auditor's invoice and in compliance with the
purchase principles approved by the committee. 

The committee proposes that the firm of authorized public accountants
PricewaterhouseCoopers Oy be re-elected as the company's auditor for the
financial year 2012. 

The actual notice to the Annual General Meeting, including the complete
proposals by the Board of Directors, its Audit and Risk Committee and the
Shareholders' Nomination Board, is scheduled to be published on 13 February
2012. 

Helsinki, 8 February 2012

Tieto Corporation

Board of Directors

For further information, please contact
Jouko Lonka, General Counsel, tel. +358 2072 78182
+358 400 424451, firstname.lastname@tieto.com

TIETO CORPORATION

DISTRIBUTION
NASDAQ OMX Helsinki
NASDAQ OMX Stockholm
Principal Media



Tieto is the leading IT service company in Northern Europe providing IT and
product engineering services. Our highly specialized IT solutions and services
complemented by a strong technology platform create tangible business benefits
for our local and global customers. As a trusted transformation partner, we are
close to our customers and understand their unique needs. With about 18 000
experts, we aim to become a leading service integrator creating the best
service experience in IT. www.tieto.com