Tecnotree Oyj - Company Announcement

Tecnotree has agreed on the terms of the renewal of its debt

Tecnotree Corporation
Stock Exchange Release
12th August 2013, at 3.30 pm EEST

Tecnotree has agreed with its bank on the conditions of the renewal of the debt
of the company (Term Sheet). The term of financing is five years and it
consists of a long-term loan of approximately EUR 21.8 million, a credit
facility of EUR 10 million to finance working capital and a EUR 2 million bank
guarantee limit. This arrangement gives Tecnotree EUR 5 million more financing
as the credit line for work in progress financing goes up from EUR 5 million to
EUR 10 million. 

A standard form of financing agreement has been agreed to be made according to
the now agreed conditions by the end of August. 

TECNOTREE CORPORATION


FURTHER INFORMATION
Ilkka Raiskinen, CEO, tel.  +358 45 113 113

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 service bundles,
provide personalised user experiences and augment value throughout the customer
lifecycle. With over 1100 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