TECNOMEN'S INTERIM REPORT 1 JANUARY - 30 SEPTEMBER 2008 (unaudited)

Tecnomen Corporation                      INTERIM REPORT                        
                                          22 October 2008 at 8.30 am            

TECNOMEN'S INTERIM REPORT 1 JANUARY - 30 SEPTEMBER 2008 (unaudited)             

Net sales in the third quarter of the year declined 4.8 per cent to EUR 18.2    
(19.1) million. The operating cash flow was excellent, at EUR 9.8 (2.9) million.
Net sales for the first nine months of the year increased 8.9 per cent to EUR   
55.5 (51.0) million and the result was EUR 5.3 (6.5) million. The operating cash
flow was EUR 11.9 (-5.3) million. The order book at the close of the period     
stood at EUR 17.2 (17.1) million. The prospects for 2008 have not changed       
significantly since the previous interim report.                                

--------------------------------------------------------------------------------
| KEY FIGURES             |  7-9/08 |  7-9/07 |   1-9/08 |   1-9/07 |     2007 |
--------------------------------------------------------------------------------
| Net sales, MEUR         |    18.2 |    19.1 |     55.5 |     51.0 |     70.1 |
--------------------------------------------------------------------------------
| Net sales, change %     |    -4.8 |    12.9 |      8.9 |     -1.5 |     -2.4 |
--------------------------------------------------------------------------------
| Operating result, MEUR  |     3.3 |     5.2 |      6.5 |      7.1 |      8.9 |
--------------------------------------------------------------------------------
|    % of net sales       |    18.2 |    27.2 |     11.8 |     14.0 |     12.7 |
--------------------------------------------------------------------------------
| Profit before taxes,    |     4.2 |     4.8 |      7.7 |      7.3 |     10.0 |
| MEUR                    |         |         |          |          |          |
--------------------------------------------------------------------------------
|    % of net sales       |    23.0 |    25.2 |     13.8 |     14.3 |     14.2 |
--------------------------------------------------------------------------------
| Result for the period   |     3.1 |     4.4 |      5.3 |      6.5 |      8.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share,     |    0.05 |    0.08 |     0.09 |     0.11 |     0.15 |
| basic, EUR              |         |         |          |          |          |
--------------------------------------------------------------------------------
| Earnings per share,     |    0.05 |    0.07 |     0.09 |     0.11 |     0.15 |
| diluted, EUR            |         |         |          |          |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Order book, MEUR        |         |         |     17.2 |     17.1 |     17.5 |
--------------------------------------------------------------------------------
| Cash flow, MEUR         |     9.8 |     2.9 |      7.8 |    -11.1 |     -2.8 |
--------------------------------------------------------------------------------
| Operating cash flow,    |     9.8 |     2.9 |     11.9 |     -5.3 |      2.9 |
| MEUR                    |         |         |          |          |          |
--------------------------------------------------------------------------------
| Cash funds, MEUR        |         |         |     25.2 |      9.2 |     17.5 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Equity ratio, %         |         |         |     83.9 |     84.7 |     83.7 |
--------------------------------------------------------------------------------
| Gearing, %              |         |         |    -31.8 |    -12.1 |    -22.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Personnel at end of     |         |     352 |      354 |      352 |      355 |
| period                  |         |         |          |          |          |
--------------------------------------------------------------------------------

President and CEO Jarmo Niemi:                                                  

“The third quarter was once again strong in terms of the result. The operating  
profit was EUR 3.3 million, 18% of net sales. The cash flow from operations in  
the quarter was excellent, at EUR 9.8 million. Cash funds at the end of the     
period stood at EUR 25.2 million. The company is debt-free.                     

Net sales in the nine month review period increased 9%, which is more than      
market growth and very good considering developments in the value of the US     
dollar. I am particularly satisfied with the 30% growth in maintenance net      
sales. During the period the average price of the US dollar was some 12% lower  
than one year ago. If the actual figures achieved in the first three quarters of
2008 were adjusted by this amount, the company's net sales and also its         
operating result would be almost EUR 4 million greater.                         

In the third quarter the Messaging business unit supplied several new but small 
projects. Partner sales were less than last year. Net sales were low and the    
reported operating profit was close to zero. Net sales for the entire nine month
period grew 3% and the operating profit was 20% of net sales.                   

The Charging business unit had a strong third quarter in terms of net sales and 
result. The unit's operating result in the third quarter was extremely good, at 
32 % of net sales. Growth in net sales in the review period was 17% and the     
operating result was 9% of net sales.”                                          

Unless otherwise stated, all figures presented below are for the review period  
1-9/2008 and the figures for comparison are for the corresponding period        
1-9/2007.                                                                       
The formulas used to calculate the key figures presented in the interim report  
and the accounting principles are the same as those published in the 2007 annual
report.                                                                         

SALES AND NET SALES                                                             

Tecnomen's net sales in the review period increased by 8.9 per cent to EUR 55.5 
(51.0) million.                                                                 

EUR 35.3 million of the sales in the review period has been recognised in       
accordance with IAS 11 (Construction contracts) and EUR 20.2 million in         
accordance with IAS 18 (Revenues).                                              

Net sales by geographical area were: Americas 53.4 per cent (50.1 %), EMEA 34.0 
per cent (42.5 %) and APAC 12.6 per cent (7.4 %).                               

Net sales by product line were: Messaging 52.6 per cent (55.9 %) and Charging   
47.4 per cent (44.1 %).                                                         

Sales through global partners totalled EUR 7.9 (17.1) million or 14.3 per cent  
(33.5 %) of net sales.                                                          

Maintenance and service sales totalled EUR 13.0 (10.0) million or 23.5 per cent 
(19.7 %) of net sales.                                                          

The order book stood at EUR 17.2 (17.1) million at the end of the review period.
Americas accounted for 58.4 per cent of the order book, EMEA for 31.5 per cent  
and APAC for 10.1 per cent.                                                     

OPERATING RESULT                                                                

Net sales in the review period totalled EUR 55.5 (51.0) million and the         
operating result EUR 6.5 (7.1) million. The operating result was affected by the
average exchange rate for the US dollar, which was some 12% lower than in the   
previous year. Tecnomen's sales in the Americas, EUR 29.7 million, are mainly   
denominated in US dollars. Capitalisation of research and development costs and 
amortisation of these had the net impact of weakening the result by EUR 0.8     
million compared to the previous year. The operating result in the review period
was 12% (14%) of net sales.                                                     

Tecnomen's business operations are based on project sales. The income and costs 
recorded for these vary considerably from one quarter to another. For this      
reason it is important to base an examination of the profitability of the       
company on the result for more then one quarter.                                

The result for the period before taxes was EUR 7.7 (7.3) million.               

Earnings per share were EUR 0.09 (0.11). Equity per share at the end of the     
period was EUR 1.34 (1.28).                                                     

FINANCING AND INVESTMENTS                                                       

Tecnomen's liquid assets totalled EUR 25.2 (9.2) million. The cash flow for the 
nine month review period was EUR 7.8 million, which includes dividends of EUR   
4.1 million paid in the first quarter. The cash flow in the third quarter was   
EUR 9.8 million.                                                                

The balance sheet total on 30 September 2008 stood at EUR 94.3 (89.2) million.  
Interest-bearing liabilities were EUR 0.0 (0.0) million. The debt to equity     
ratio (gearing) was -31.8 per cent (-12.1 %). The balance sheet structure       
remained strong and the equity ratio on 30 September 2008 was 83.9 per cent     
(84.7 %).                                                                       

Tecnomen's gross capital expenditure during the review period, excluding the    
capitalisation of development costs, was EUR 0.9 (0.8) million or 1.7 per cent  
(1.6 %) of net sales.                                                           

Financial income and expenses (net) during the review period totalled EUR 1.1   
(0.2) million. This comprised mainly actual exchange rate gains due to the      
strengthening of the US dollar.                                                 

--------------------------------------------------------------------------------
| CHANGE IN WORKING CAPITAL, MEUR (increase - /    |      1-9/08 |      1-9/07 |
| decrease +)                                      |             |             |
--------------------------------------------------------------------------------
| Change in accounts receivable                    |        12.6 |         6.6 |
--------------------------------------------------------------------------------
| Change in other short-term receivables           |        -1.8 |       -15.4 |
--------------------------------------------------------------------------------
| Change in inventories                            |         0.9 |        -0.4 |
--------------------------------------------------------------------------------
| Change in accounts payable                       |        -1.5 |        -1.4 |
--------------------------------------------------------------------------------
| Change in other current liabilities              |        -1.9 |         2.4 |
--------------------------------------------------------------------------------
| CHANGE IN WORKING CAPITAL, TOTAL                 |         8.4 |        -8.2 |
--------------------------------------------------------------------------------

MARKETS                                                                         

Messaging                                                                       

Messaging sales in the third quarter were lower than in the first half of the   
year since no major system expansions were supplied then. Maintenance sales     
remained strong in all main market areas, however. Tecnomen also supplied       
a couple of small Next Generation Messaging (NGM) systems to existing customers 
in Africa and Latin America. In addition Tecnomen obtained a new customer for   
the NGM system in Africa and in Latin America.                                  

Charging                                                                        

The growth in subscriber numbers continued encouragingly in South and Central   
America and in Africa. During the third quarter Tecnomen received major         
expansion orders for its charging solutions and also a new, major charging      
customer in Latin America. The completion percentage of current projects also   
improved well.                                                                  

RESEARCH AND DEVELOPMENT                                                        

Research and development costs during the review period totalled EUR 11.8 (11.6)
million, corresponding to 21.3 per cent (22.7 %) of net sales. EUR 5.7 (5.5)    
million of development costs were capitalised during the review period and will 
be amortised over 3-5 years from the start of commercial use. R&D costs of EUR  
2.5 (1.6) million were amortised during the review period.                      

PERSONNEL                                                                       

At the end of September 2008 Tecnomen employed 354 (352) persons, of whom 88    
(89) worked in Finland and 266 (263) elsewhere. The company employed on average 
360 (354) people during the review period. Personnel by geographical area were  
as follows:                                                                     

--------------------------------------------------------------------------------
|                                   |    1-9/2008 |    1-9/2007 |         2007 |
--------------------------------------------------------------------------------
| Personnel, at end of period       |         354 |         352 |          355 |
--------------------------------------------------------------------------------
|    Americas                       |          65 |          64 |           67 |
--------------------------------------------------------------------------------
|    EMEA                           |         264 |         261 |          261 |
--------------------------------------------------------------------------------
|    APAC                           |          25 |          27 |           27 |
--------------------------------------------------------------------------------
| Personnel, average                |         360 |         354 |          354 |
--------------------------------------------------------------------------------
| Personnel expenses before R&D     |        19.9 |        18.2 |         25.3 |
| capitalisation (MEUR)             |             |             |              |
--------------------------------------------------------------------------------

TECNOMEN SHARES AND SHARE CAPITAL                                               

At the end of September 2008 the shareholders' equity of Tecnomen Corporation   
stood at EUR 79.1 (75.6) million and the share capital was EUR 4,720,446.24,    
divided into 59,277,078 shares. The company held 134,800 of these shares, which 
represents 0.23 per cent of the company's share capital and votes. Equity per   
share was EUR 1.34 (1.28).                                                      

A total of 16,697,063 Tecnomen shares (EUR 17,821,798) were traded on the       
Helsinki Exchanges during the period 2 January - 30 September 2008, representing
28.2 per cent of the total number of shares.                                    

The highest share price quoted in the period was EUR 1.27 and the lowest EUR    
0.94. The average quoted price was EUR 1.07 and the closing price on 30         
September 2008 was EUR 0.96. The market capitalisation of the share stock at the
end of the period was EUR 56,905,995.                                           

CURRENT AUTHORISATIONS                                                          

Tecnomen's Annual General Meeting held on 12 March 2008 authorized the Board of 
Directors to decide on acquiring a maximum of 5,790,000 of the Company's own    
shares. Own shares may be acquired with unrestricted shareholders' equity       
otherwise than in proportion to the holdings of the shareholders through public 
trading of the securities arranged by NASDAQ OMX Helsinki Oy at the market price
of the shares in public trading at the time of the acquisition. The shares can  
be acquired for the purpose of developing the capital structure of the Company, 
carrying out corporate acquisitions or other business arrangements to develop   
the business of the Company, financing capital expenditure, to be used as part  
of the Company's incentive schemes, or to be otherwise retained in the          
possession of the Company, disposed of or nullified in the extent and manner    
decided by the Board of Directors. The Board of Directors has the right to      
decide on other terms of the share acquisition. This authorisation is valid for 
one year from the decision of the Annual General Meeting. The authorization has 
not been exercised during the review period.                                    

The AGM also authorised the Board to decide on issuing and/or conveying a       
maximum of 17,800,000 new shares and/or the Company's own shares held by the    
Company either against payment or for free. The AGM authorized the Board of     
Directors to grant the special rights referred to in Chapter 10, Section 1 of   
the Companies Act. The Board was authorized to decide on how to use the shares, 
and the authorization includes the right to decide on a free share issue to the 
Company itself. The number of shares to be issued to the Company together with  
the shares repurchased to the Company on the basis of the repurchase            
authorisation shall be a maximum of one tenth (1/10) of all the Company's       
shares. These authorisations are valid for two years from the decision of the   
Annual General Meeting. The authorisations have not been exercised during the   
review period.                                                                  

STOCK OPTION PROGRAMMES                                                         

During the review period the company had in force a 2002 stock option programme 
and a 2006 stock option programme.                                              

In the 2002 stock option scheme, the only current series were the 2002D stock   
options. The subscription period for these was 1 April 2006 - 30 April 2008. The
share subscription price for the 2002D stock option was EUR 1.04. The           
subscription price for the 2002D stock option was reduced by the amount of the  
dividend paid per share (EUR 0.07).                                             

During the review period 25,000 new company shares were subscribed with the     
2002D stock options. At the end of September 2008 the company had 59,277,078    
shares registered in the Trade Register.                                        

Since the subscription period for the 2002D stock options ended on 30 April     
2008, the 2002 stock options have been removed from the book-entry securities   
system and the option has been nullified.                                       

The 2006 stock option programme is divided into three series: the 2006A, 2006B  
and 2006C stock options. A maximum of 2,001,000 stock options may be issued,    
which entitle holders to subscribe for altogether 2,001,000 Tecnomen shares. The
subscription period for the 2006A stock option is 1 April 2007 - 30 April 2010, 
for the 2006B stock option 1 April 2008 - 30 April 2011 and for the 2006C stock 
option 1 April 2009 - 30 April 2012. The share subscription price for 2006A     
stock options is EUR 2.54, for 2006B stock options EUR 1.39, and for 2006C stock
options EUR 1.05. The subscription prices for the 2006A, 2006B and 2006C stock  
options have been reduced by the amount of the dividend paid per share (EUR     
0.07). Tecnomen's Board of Directors has issued 304,000 2006A stock options and 
667,000 2006B stock options to key personnel of Tecnomen Group. The remaining   
2006 stock options have been issued to Tecnomen Japan Oy, a wholly owned        
Tecnomen subsidiary, for issuing at a later date to current or future key Group 
personnel.                                                                      

Altogether 2,001,000 stock options remain on 30 September 2008 of all Tecnomen's
stock options in circulation. The shares that can be subscribed on the basis of 
these stock options account for a maximum of 3.27 % of the Company's shares and 
the votes carried by the shares after any increase in share capital. On 30      
September 2008 the Company still held 1,030,000 of all the current stock        
options. The issued stock options had a maximum diluting effect on 30 September 
2008 of 1.61 %.                                                                 

RISKS AND UNCERTAINTY FACTORS                                                   

The risks and uncertainty factors are explained in the report of the Board of   
Directors. The risks and uncertainties to which the company is exposed in the   
near future relate to major projects that are under negotiation and to their    
timing, and to changes in currency exchange rates. No significant changes have  
taken place in the company's risks and uncertainty factors compared to the      
previous interim report.                                                        

EVENTS AFTER THE END OF THE PERIOD                                              

No significant events have occurred after the end of period.                    

PROSPECTS FOR 2008                                                              

The prospects for 2008 have not changed significantly since the previous interim
report.                                                                         

The total market for Messaging and Charging is expected to remain unchanged in  
2008 from the previous year. The market for conventional proprietary systems is 
declining but for IP-based solutions the market is growing. The global economy  
remains uncertain and making forecasts is difficult.                            

Net sales in 2008 are expected to be higher than in 2007. To safeguard its      
growth potential in the coming years and through this a better financial        
performance, Tecnomen is, however, putting much effort into the new convergent  
charging products of its Charging business and its markets.                     

Despite the improvement in net sales, because of these major efforts and the    
weakness of the US dollar compared to last year, it is estimated that the 2008  
euro-denominated operating profit will be smaller than the 2007 figure.         

Variations between quarterly figures are expected to be considerable.           

FINANCIAL INFORMATION                                                           

Tecnomen is holding a conference to announce its nine month results at 10.00 am 
on 22 October 2008 in the Pavilion conference room at the Scandic Hotel         
Simonkenttä, Helsinki. The material presented at the press conference will be   
available at www.tecnomen.com.                                                  


TECNOMEN CORPORATION                                                            


Board of Directors                                                              


FURTHER INFORMATION                                                             
Mr Jarmo Niemi, President and CEO, tel. +358 (0)9 8047 8799                     
Mr Tuomas Wegelius, CFO, tel. +358 (0)9 8047 8650                               


DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Ltd                                                         
Main media                                                                      
www.tecnomen.com                                                                


--------------------------------------------------------------------------------
| CONSOLIDATED INCOME   |  7-9/08 |   7-9/07 |   1-9/08 |    1-9/07 |     2007 |
| STATEMENT, MEUR       |         |          |          |           |          |
--------------------------------------------------------------------------------
| NET SALES             |    18.2 |     19.1 |     55.5 |      51.0 |     70.1 |
--------------------------------------------------------------------------------
| Other operating       |     0.0 |      0.1 |      0.0 |       0.2 |      0.2 |
| income                |         |          |          |           |          |
--------------------------------------------------------------------------------
| Materials and         |    -4.1 |     -3.6 |    -13.0 |     -10.5 |    -15.2 |
| services              |         |          |          |           |          |
--------------------------------------------------------------------------------
| Employee benefit      |    -5.1 |     -5.1 |    -17.1 |     -16.6 |    -23.3 |
| expenses              |         |          |          |           |          |
--------------------------------------------------------------------------------
| Depreciation          |    -1.4 |     -1.1 |     -4.1 |      -3.2 |     -4.6 |
--------------------------------------------------------------------------------
| Other operating       |    -4.3 |     -4.2 |    -14.8 |     -13.8 |    -18.4 |
| expenses              |         |          |          |           |          |
--------------------------------------------------------------------------------
| OPERATING RESULT      |     3.3 |      5.2 |      6.5 |       7.1 |      8.9 |
--------------------------------------------------------------------------------
| Financial income      |     1.1 |     -0.2 |      1.5 |       1.1 |      1.5 |
--------------------------------------------------------------------------------
| Financial expenses    |    -0.2 |     -0.2 |     -0.4 |      -0.9 |     -0.5 |
--------------------------------------------------------------------------------
| RESULT BEFORE TAXES   |     4.2 |      4.8 |      7.7 |       7.3 |     10.0 |
--------------------------------------------------------------------------------
| Income taxes          |    -1.1 |     -0.4 |     -2.3 |      -0.8 |     -1.3 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| RESULT FOR THE PERIOD |     3.1 |      4.4 |      5.3 |       6.5 |      8.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share,   |    0.05 |     0.08 |     0.09 |      0.11 |     0.15 |
| basic, EUR            |         |          |          |           |          |
--------------------------------------------------------------------------------
| Earnings per share,   |    0.05 |     0.07 |     0.09 |      0.11 |     0.15 |
| diluted, EUR          |         |          |          |           |          |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| CONSOLIDATED BALANCE     |       30.9.2008 |      31.12.2007 |    30.09.2007 |
| SHEET,                   |                 |                 |               |
| MEUR                     |                 |                 |               |
--------------------------------------------------------------------------------
| Assets                   |                 |                 |               |
--------------------------------------------------------------------------------
|    Goodwill              |             0.7 |             0.7 |           0.7 |
--------------------------------------------------------------------------------
|  Other intangible assets |            19.0 |            15.8 |          14.6 |
--------------------------------------------------------------------------------
|    Tangible assets       |             7.3 |             8.1 |           8.0 |
--------------------------------------------------------------------------------
| Long-term trade and      |             0.5 |             0.2 |           0.7 |
| other receivables        |                 |                 |               |
--------------------------------------------------------------------------------
| Current assets           |                 |                 |               |
--------------------------------------------------------------------------------
|    Inventories           |             1.5 |             2.4 |           2.3 |
--------------------------------------------------------------------------------
|    Trade receivables     |            14.1 |            25.8 |          19.4 |
--------------------------------------------------------------------------------
|    Other receivables     |            26.1 |            24.8 |          34.4 |
--------------------------------------------------------------------------------
| Cash and cash            |            25.2 |            17.5 |           9.2 |
| equivalents              |                 |                 |               |
--------------------------------------------------------------------------------
| TOTAL ASSETS             |            94.3 |            95.2 |          89.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders' equity     |            79.1 |            78.0 |          75.6 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current liabilities  |                 |                 |               |
--------------------------------------------------------------------------------
| Long-term non-interest   |             0.0 |             0.0 |           0.1 |
| bearing liabilities      |                 |                 |               |
--------------------------------------------------------------------------------
| Deferred tax liabilities |             4.4 |             3.4 |           3.2 |
--------------------------------------------------------------------------------
| Current liabilities      |                 |                 |               |
--------------------------------------------------------------------------------
| Short-term non-interest  |            10.8 |            13.8 |          10.4 |
| bearing liabilities      |                 |                 |               |
--------------------------------------------------------------------------------
| EQUITY AND LIABILITIES,  |            94.3 |            95.2 |          89.2 |
| TOTAL                    |                 |                 |               |
--------------------------------------------------------------------------------

Tecnomen announced in a stock exchange release on 25 January 2008 that it was   
examining the possibility of selling the headquarters property it owns. Due to  
the recent downturn in the property market the sale is no longer considered     
probable.                                                                       

CHANGE IN SHAREHOLDERS' EQUITY, MEUR                                            

--------------------------------------------------------------------------------
| MEUR       | Shar | Shar |  Own | Trans- | Invested | Other |  Other | Total |
|            |    e |    e | shar | lation | non-rest | re-se | re-ser |       |
|            | capi | prem |   es | differ |  rict-ed | rves  |    ves |       |
|            | -tal | -ium |      |   ence |   equity |       |        |       |
|            |      | fund |      |        |  reserve |       |        |       |
--------------------------------------------------------------------------------
| Sharehol-d |  4.7 |  0.8 | -0.1 | 0.2    |      0.3 |  54.7 |   17.4 |  78.0 |
| ers'       |      |      |      |        |          |       |        |       |
| equit      |      |      |      |        |          |       |        |       |
| y          |      |      |      |        |          |       |        |       |
| 1 Jan.     |      |      |      |        |          |       |        |       |
| 2008       |      |      |      |        |          |       |        |       |
--------------------------------------------------------------------------------
| Translatio |      |      |      |   -0.1 |          |       |        |  -0.1 |
| n          |      |      |      |        |          |       |        |       |
| difference |      |      |      |        |          |       |        |       |
--------------------------------------------------------------------------------
| Net gain   |      |      |      |   -0.1 |          |       |        |  -0.1 |
| recognised |      |      |      |        |          |       |        |       |
| directly   |      |      |      |        |          |       |        |       |
| in         |      |      |      |        |          |       |        |       |
| shareholde |      |      |      |        |          |       |        |       |
| rs' equity |      |      |      |        |          |       |        |       |
--------------------------------------------------------------------------------
| Result for |      |      |      |        |          |       |    5.3 |   5.3 |
| the period |      |      |      |        |          |       |        |       |
--------------------------------------------------------------------------------
| Total      |      |      |      |   -0.1 |          |       |    5.3 |   5.2 |
| gains and  |      |      |      |        |          |       |        |       |
| losses     |      |      |      |        |          |       |        |       |
| recognised |      |      |      |        |          |       |        |       |
| during     |      |      |      |        |          |       |        |       |
| period     |      |      |      |        |          |       |        |       |
--------------------------------------------------------------------------------
| Dividend   |      |      |      |        |          |  -4.1 |        |  -4.1 |
| paid       |      |      |      |        |          |       |        |       |
--------------------------------------------------------------------------------
| Options    |      |      |      |        |      0.0 |       |        |   0.0 |
| exercised  |      |      |      |        |          |       |        |       |
--------------------------------------------------------------------------------
| Share-base |      |      |      |        |          |       |    0.1 |   0.1 |
| d payments |      |      |      |        |          |       |        |       |
--------------------------------------------------------------------------------
| Other      |      |      |      |        |          |       |   -0.1 |  -0.1 |
| adjustment |      |      |      |        |          |       |        |       |
| s          |      |      |      |        |          |       |        |       |
--------------------------------------------------------------------------------
| Shareholde |  4.7 |  0.8 | -0.1 |    0.1 |      0.3 |  50.6 |   22.8 |  79.1 |
| rs' equity |      |      |      |        |          |       |        |       |
| 30 Sept.   |      |      |      |        |          |       |        |       |
| 2008       |      |      |      |        |          |       |        |       |
--------------------------------------------------------------------------------

In March 2008 a total dividend of EUR 4,138,209.46 was paid, or EUR 0.07 per    
share on 59,117,278 shares.                                                     

--------------------------------------------------------------------------------
| MEUR      | Shar |  Share |  Own | Transla- | Inves- | Other | Retai | Total |
|           |    e | premiu | shar |     tion |    ted | reser |   ned |       |
|           | capi | m fund |   es | differen | non-re |  ves  | ear-n |       |
|           | tal  |        |      |       ce | strict |       |  ings |       |
|           |      |        |      |          |     ed |       |       |       |
|           |      |        |      |          | equity |       |       |       |
|           |      |        |      |          | reserv |       |       |       |
|           |      |        |      |          |      e |       |       |       |
--------------------------------------------------------------------------------
| Sharehold |  4.7 |    0.8 | -0.1 | 0.2      |    0.0 |  60.6 |   8.4 |  74.6 |
| ers'      |      |        |      |          |        |       |       |       |
| equi      |      |        |      |          |        |       |       |       |
| ty        |      |        |      |          |        |       |       |       |
| 1 Jan.    |      |        |      |          |        |       |       |       |
| 2007      |      |        |      |          |        |       |       |       |
--------------------------------------------------------------------------------
| Translati |      |        |      |      0.0 |        |       |       |   0.0 |
| on        |      |        |      |          |        |       |       |       |
| differenc |      |        |      |          |        |       |       |       |
| e         |      |        |      |          |        |       |       |       |
--------------------------------------------------------------------------------
| Net gain  |      |        |      |      0.0 |        |       |       |   0.0 |
| recognise |      |        |      |          |        |       |       |       |
| d         |      |        |      |          |        |       |       |       |
| directly  |      |        |      |          |        |       |       |       |
| in        |      |        |      |          |        |       |       |       |
| sharehold |      |        |      |          |        |       |       |       |
| ers'      |      |        |      |          |        |       |       |       |
| equity    |      |        |      |          |        |       |       |       |
--------------------------------------------------------------------------------
| Result    |      |        |      |          |        |       |   6.5 |   6.5 |
| for the   |      |        |      |          |        |       |       |       |
| period    |      |        |      |          |        |       |       |       |
--------------------------------------------------------------------------------
| Total     |      |        |      |      0.0 |        |       |   6.5 |   6.5 |
| gains and |      |        |      |          |        |       |       |       |
| losses    |      |        |      |          |        |       |       |       |
| recognise |      |        |      |          |        |       |       |       |
| d         |      |        |      |          |        |       |       |       |
| during    |      |        |      |          |        |       |       |       |
| pe        |      |        |      |          |        |       |       |       |
| riod      |      |        |      |          |        |       |       |       |
--------------------------------------------------------------------------------
| Capital   |      |        |      |          |        |  -5.9 |       |  -5.9 |
| repayment |      |        |      |          |        |       |       |       |
--------------------------------------------------------------------------------
| Options   |      |        |      |          |    0.0 |       |       |   0.0 |
| exercised |      |        |      |          |        |       |       |       |
--------------------------------------------------------------------------------
| Share-bas |      |        |      |          |        |       |   0.1 |   0.1 |
| ed        |      |        |      |          |        |       |       |       |
| payments  |      |        |      |          |        |       |       |       |
--------------------------------------------------------------------------------
| Other     |      |        |      |          |        |       |   0.1 |   0.1 |
| adjustmen |      |        |      |          |        |       |       |       |
| ts        |      |        |      |          |        |       |       |       |
--------------------------------------------------------------------------------
| Sharehold |  4.7 |    0.8 | -0.1 |      0.2 |    0.1 |  54.7 |  15.1 |  75.6 |
| ers'      |      |        |      |          |        |       |       |       |
| equity    |      |        |      |          |        |       |       |       |
| 30 Sept.  |      |        |      |          |        |       |       |       |
| 2007      |      |        |      |          |        |       |       |       |
--------------------------------------------------------------------------------

In March 2007 a capital repayment of altogether EUR 5,883,317.80, or EUR 0.10   
per share, was made on 58,833,178 shares.                                       

--------------------------------------------------------------------------------
| CONSOLIDATED CASH FLOW STATEMENT, MEUR       |      1-9/2008 |      1-9/2007 |
--------------------------------------------------------------------------------
| Cash flow from operating activities          |               |               |
--------------------------------------------------------------------------------
|  Result for the period                       |           5.3 |           6.5 |
--------------------------------------------------------------------------------
|  Adjustments                                 |           3.4 |           2.0 |
--------------------------------------------------------------------------------
|  Interest income                             |          -0.4 |          -0.6 |
--------------------------------------------------------------------------------
|  Interest expense                            |           0.0 |           0.4 |
--------------------------------------------------------------------------------
|  Income taxes                                |           2.3 |           0.8 |
--------------------------------------------------------------------------------
|  Other adjustments                           |          -0.2 |           0.0 |
--------------------------------------------------------------------------------
| Changes in working capital                   |           8.4 |          -8.2 |
--------------------------------------------------------------------------------
| Interest paid                                |           0.0 |          -0.1 |
--------------------------------------------------------------------------------
| Interest received                            |           0.4 |           0.5 |
--------------------------------------------------------------------------------
| Income taxes paid                            |          -0.7 |          -0.1 |
--------------------------------------------------------------------------------
| Net cash flow from operating activities      |          18.5 |           1.1 |
--------------------------------------------------------------------------------
| Cash flow from investments                   |               |               |
--------------------------------------------------------------------------------
|  Investments in intangible assets            |          -5.9 |          -5.5 |
--------------------------------------------------------------------------------
|  Investments in tangible assets              |          -0.6 |          -0.9 |
--------------------------------------------------------------------------------
| Net cash flow from investments               |          -6.6 |          -6.4 |
--------------------------------------------------------------------------------
| Cash flow from financing activities          |               |               |
--------------------------------------------------------------------------------
|  Shares subscribed with share options        |           0.0 |           0.0 |
--------------------------------------------------------------------------------
|  Dividend paid                               |          -4.1 |               |
--------------------------------------------------------------------------------
|  Capital repayment                           |               |          -5.9 |
--------------------------------------------------------------------------------
| Net cash flow from financing                 |          -4.1 |          -5.9 |
--------------------------------------------------------------------------------
| Increase (+) and decrease (-) in liquid      |           7.8 |         -11.1 |
| funds                                        |               |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liquid funds on 1 Jan.                       |          17.5 |          20.4 |
--------------------------------------------------------------------------------
| Impact of changes in exchange rates          |          -0.1 |           0.0 |
--------------------------------------------------------------------------------
| Change in fair value of investments          |           0.0 |          -0.2 |
--------------------------------------------------------------------------------
| Liquid funds on 30 Sept.                     |          25.2 |           9.2 |
--------------------------------------------------------------------------------
| Change                                       |           7.8 |         -11.1 |
--------------------------------------------------------------------------------

This interim report has been prepared in accordance with IFRS reporting and     
evaluation principles and applying the same accounting principles as in the     
previous annual financial statements, but not complying with all the            
requirements of IAS 34 Interim Financial Reporting.                             

SEGMENT INFORMATION                                                             

--------------------------------------------------------------------------------
| BUSINESS SEGMENTS                           |      1-9/2008 |       1-9/2007 |
| (primary segment information)               |               |                |
| NET SALES, MEUR                             |               |                |
--------------------------------------------------------------------------------
| Messaging                                   |          29.2 |           28.5 |
--------------------------------------------------------------------------------
| Charging                                    |          26.3 |           22.5 |
--------------------------------------------------------------------------------
| TOTAL                                       |          55.5 |           51.0 |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| GEOGRAPHICAL SEGMENTS                        |      1-9/2008 |      1-9/2007 |
| (secondary segment information)              |               |               |
| NET SALES, MEUR                              |               |               |
--------------------------------------------------------------------------------
| Americas (North, Central and South America)  |          29.7 |          25.5 |
--------------------------------------------------------------------------------
| EMEA (Europe, the Middle East and Africa)    |          18.9 |          21.7 |
--------------------------------------------------------------------------------
| APAC (Asia Pacific)                          |           7.0 |           3.8 |
--------------------------------------------------------------------------------
| TOTAL                                        |          55.5 |          51.0 |
--------------------------------------------------------------------------------

OPERATING LEASES, MEUR                                                          

--------------------------------------------------------------------------------
|  Operating leases                             |    30.9.2008 |    31.12.2007 |
--------------------------------------------------------------------------------
|    Less than one year                         |          0.4 |           0.5 |
--------------------------------------------------------------------------------
|    Between one and five years                 |          0.6 |           0.7 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| CONSOLIDATED CONTINGENT LIABILITIES, MEUR     |    30.9.2008 |    31.12.2007 |
--------------------------------------------------------------------------------
| Pledges                                       |              |               |
--------------------------------------------------------------------------------
|   On own behalf                               |          0.0 |           0.0 |
--------------------------------------------------------------------------------
| Other liabilities                             |              |               |
--------------------------------------------------------------------------------
| Restriction related to real estate in Ireland |          0.4 |           0.4 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| CONSOLIDATED KEY FINANCIAL      |    1-9/2008 |    1-9/2007 |           2007 |
| FIGURES, MEUR                   |             |             |                |
--------------------------------------------------------------------------------
| Return on investment, %         |        13.7 |        14.5 |           13.6 |
--------------------------------------------------------------------------------
| Return on equity, %             |         9.0 |        11.6 |           11.4 |
--------------------------------------------------------------------------------
| Equity ratio, %                 |        83.9 |        84.7 |           83.7 |
--------------------------------------------------------------------------------
| Debt/equity ratio (gearing), %  |       -31.8 |       -12.1 |          -22.4 |
--------------------------------------------------------------------------------
| Investments                     |         0.9 |         0.8 |            1.2 |
--------------------------------------------------------------------------------
|    % of net sales               |         1.7 |         1.6 |            1.8 |
--------------------------------------------------------------------------------
| Research and development        |        11.8 |        11.6 |           16.1 |
--------------------------------------------------------------------------------
|    % of net sales               |        21.3 |        22.7 |           22.9 |
--------------------------------------------------------------------------------
| Order book                      |        17.2 |        17.1 |           17.5 |
--------------------------------------------------------------------------------
| Personnel, average              |         360 |         354 |            354 |
--------------------------------------------------------------------------------
| Personnel, at end of period     |         354 |         352 |            355 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| CONSOLIDATED KEY FIGURES PER    |    1-9/2008 |    1-9/2007 |           2007 |
| SHARE, MEUR                     |             |             |                |
--------------------------------------------------------------------------------
| Earnings per share, basic, EUR  |        0.09 |        0.11 |           0.15 |
--------------------------------------------------------------------------------
| Earnings per share, diluted,    |        0.09 |        0.11 |           0.15 |
| EUR                             |             |             |                |
--------------------------------------------------------------------------------
| Equity per share, EUR           |        1.34 |        1.28 |           1.32 |
--------------------------------------------------------------------------------
| Number of shares at end of      |      59,142 |      58,937 |         59,117 |
| period, x 1,000                 |             |             |                |
--------------------------------------------------------------------------------
| Number of shares on average, x  |      59,131 |      58,915 |         58,965 |
| 1,000                           |             |             |                |
--------------------------------------------------------------------------------
| Share price, EUR                |             |             |                |
--------------------------------------------------------------------------------
|    Average                      |        1.07 |        1.42 |           1.40 |
--------------------------------------------------------------------------------
|    Lowest                       |        0.94 |        1.22 |           1.15 |
--------------------------------------------------------------------------------
|    Highest                      |        1.27 |        1.83 |           1.83 |
--------------------------------------------------------------------------------
| Share price at end of period    |        0.96 |        1.31 |           1.24 |
--------------------------------------------------------------------------------
| Market capitalisation of issued |        56.9 |        77.4 |           73.3 |
| stock at end of period, MEUR    |             |             |                |
--------------------------------------------------------------------------------
| Share turnover, million shares  |        16.7 |        29.4 |           38.7 |
--------------------------------------------------------------------------------
| Share turnover, % of total      |        28.2 |        49.7 |           65.4 |
--------------------------------------------------------------------------------
| Share turnover, MEUR            |        17.8 |        41.6 |           53.9 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| KEY FIGURES PER        |  3Q/08 |  2Q/08 |  1Q/08 |  4Q/07 |  3Q/07 |  2Q/07 |
| QUARTER, MEUR          |        |        |        |        |        |        |
--------------------------------------------------------------------------------
| Net sales, MEUR        |   18.2 |   22.2 |   15.2 |   19.2 |   19.1 |   20.8 |
--------------------------------------------------------------------------------
| Net sales, change %    |   -4.8 |    6.4 |   37.4 |   -4.7 |   12.9 |    6.2 |
--------------------------------------------------------------------------------
| Operating result, MEUR |    3.3 |    3.6 |   -0.4 |    1.8 |    5.2 |    3.9 |
--------------------------------------------------------------------------------
|    % of net sales      |   18.2 |   16.3 |   -2.6 |    9.3 |   27.2 |   18.6 |
--------------------------------------------------------------------------------
| Result before taxes,   |    4.2 |    3.9 |   -0.4 |    2.7 |    4.8 |    4.2 |
| MEUR                   |        |        |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Personnel at end of    |    354 |    359 |    365 |    355 |    352 |    347 |
| period                 |        |        |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share,    |   0.05 |   0.06 |  -0.02 |   0.04 |   0.08 |   0.06 |
| basic, EUR             |        |        |        |        |        |        |
--------------------------------------------------------------------------------
| Earnings per share,    |   0.05 |   0.06 |  -0.02 |   0.04 |   0.07 |   0.06 |
| diluted, EUR           |        |        |        |        |        |        |
--------------------------------------------------------------------------------
| Equity per share, EUR  |   1.34 |   1.29 |   1.23 |   1.32 |   1.28 |   1.21 |
--------------------------------------------------------------------------------
| Net interest-bearing   |  -25.2 |  -15.5 |  -11.8 |  -17.5 |   -9.2 |   -6.3 |
| liabilities, MEUR      |        |        |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Order book, MEUR       |   17.2 |   25.1 |   16.8 |   17.5 |   17.1 |   20.5 |
--------------------------------------------------------------------------------

The financial figures in the income statement, the balance sheet and key        
indicators are presented in million euros. The figures shown here have been     
calculated using exact values.

About Us

Tecnotree is a global provider of IT solutions for the management of services, products, customers and revenue for Communications Service Providers. Tecnotree helps customers to monetise and transform their business towards a marketplace of digital services. Together with its customers, Tecnotree empowers people to self-serve, engage and take control of their own digital life. Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please visit www.tecnotree.com.

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