GeoSentric Oyj - Company Announcement

GEOSENTRIC ARRANGES FINANCING ROUND AND DRAWS FIRST PART OF FINANCING

GEOSENTRIC OYJ      BULLETIN September 3, 2008 at 15.00                         


GEOSENTRIC ARRANGES FINANCING ROUND AND DRAWS FIRST PART OF FINANCING           

As informed in interim report released on August 20, 2008 GeoSentric Oyj has    
been preparing a new financing round to raise at minimum EUR 10,000,000 to      
support its current business plan, growth of the operation and future           
investments. GeoSentric Oyj has now agreed on final financing terms with its    
main investors and received an investment commitment of EUR 10,000,000 from the 
lead investor Schroder & Co., Limited. The Board has decided to approve the     
investment commitment and the terms of financing as follows.                    

The board has decided to raise a maximum amount of EUR 16,000,000 (“Issue”) by  
virtue of authorization granted by the Extraordinary General Meeting of         
September 10, 2007, by issuing a loan note which includes a specific option     
right to use the note to set off subscription price of shares as according to   
Chapter 10, Clause 1 of the Finnish Companies Act (“Note”). The Note shall be   
directed to at maximum one hundred institutional and qualified investors        
accepted by the Board. The note provides a minimum conversion ratio of EUR 0.106
exceeding the current share price and is exercisable only at predefined         
conversion events. The maximum amount of new shares to be subscribed by virtue  
of the Note is 150,302,466, assuming that the maximum amount of financing is    
raised. Of the share subscription price EUR 0.01 is booked to share capital and 
the remainder in invested unrestricted equity fund. As a result of the Note     
Company's share capital may increase by a maximum of EUR 1,503,024.66.          

The maximum principal amount of the Note is EUR 16,000,000 and the interest rate
of the Note is 12.5 % payable semi-annually. The Note period is five years      
ending on August 25, 2013. The Company has a right to withdraw the committed    
amount in two separate parts during the following three months. In connection   
with approving the investment commitment of Schroder & Co., Limited the Board   
has decided to withdraw the first part of EUR 2,800,000 of the commitment.      

Subscription period for the Issue ends on November 18, 2008.                    



September 3, 2008                                                               

GeoSentric Oyj                                                                  

Distribution:                                                                   
Helsinki Exchanges                                                              
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