TECNOTREE RESOLVED ON DIRECTED SHARE ISSUE

Tecnomen Lifetree Corporation            STOCK EXCHANGE RELEASE                 
                                         30 October 2009, at 1.00 pm            
TECNOTREE RESOLVED ON DIRECTED SHARE ISSUE                                      

The Board of Director of Tecnotree has on 28 October 2009 resolved on a directed
share issue against payment based on the authorisation given by the Annual      
General Meeting on 12 March, 2008. In this share issue 677,241 new company      
shares have been offered for subscription. The shares issue relates to the      
acquisition executed between the company and Lifetree Convergence Ltd (currently
Tecnotree Convergence Ltd.) in spring 2009. New shares have been offered for    
subscription, with deviation from shareholders' pre-emptive rights, to nine     
employee shareholders of Tecnotree Convergence Ltd and APC Securities (India)   
Private Limited. The subscription price for each new share is EUR 0.86. The     
subscription price is paid with property given as contribution in kind which is 
174,333 shares of Tecnotree Convergence Ltd. All shares offered for subscription
have now been subscribed for and the contribution in kind has been submitted.   
The final settlement of the transaction is expected to take place within one    
week.                                                                           

The share capital of Tecnotree will not change as a consequence to the share    
issue, but the number of shares will increase by 677,241 shares. Accordingly,   
the total number of shares will amount to 73,630,977. The new shares are        
intended to be listed on the main list of NASDAQ OMX Helsinki Ltd and the trade 
of the new shares is estimated to begin in November 2009.                       

TECNOMEN LIFETREE CORPORATION      


FURTHER INFORMATION                                                             
Tuomas Wegelius, CFO, phone +358 (0)400 433 228                                 


DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Ltd                                                         
Main Media                                                                      
www.tecnotree.com                                                               


About Tecnotree                                                                 
Tecnotree, (Tecnomen Lifetree) founded in 1978, is one of the leading suppliers 
of  Business and Operations Support Systems (BSS/OSS) and Value Added Services  
(VAS) for telecom operators worldwide. Tecnotree markets and sells its products 
and services through its own organisation, as well as through global and local  
partners, and has supplied its products to more than 120 customers around the   
world. Headquartered in Espoo, Finland, Tecnotree has over 800 employees working
in 20 locations worldwide. The company is listed on the main list of NASDAQ OMX 
Helsinki Ltd with the trading code TEM1V. For more information on Tecnotree     
visit www.tecnotree.com

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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