DECISIONS OF ANNUAL GENERAL MEETING OF S

TECNOMEN CORPORATION                STOCK EXCHANGE RELEASE
                                    24 March 2004 at 5.30 p.m.

DECISIONS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS OF TECNOMEN
CORPORATION

The Annual General Meeting of Shareholders of Tecnomen Corporation
held on 24 March 2004 approved the income statement and balance sheet
for 2003 as well as the consolidated income statement and balance
sheet and discharged the Board of Directors and President from
liability for the 2003 financial year. The Annual General Meeting of
Shareholders decided, in accordance with the Board proposal, not to
pay a dividend for 2003.

The period of office for all seven members of Tecnomen's Board of
Directors ended at the AGM just held. The AGM confirmed that the Board
of Tecnomen Corporation will have six members and that their period of
office will terminate at the end of the third AGM after their
election. The following were elected as Board members: Lauri Ratia,
Keijo Olkkola, Lars Hammarén, Carl-Johan Numelin, Christer Sumelius
and Timo Toivila. At the preliminary meeting of the Board, Lauri Ratia
was elected Chairman and Keijo Olkkola Vice Chairman of the Board.
KPMG Wideri Oy Ab, Authorised Public Accountants, will continue as the
company's auditors, with Sixten Nyman, APA, as responsible auditor,
until the end of the following Annual General Meeting of Shareholders.


Disposal of the company's own shares

The Annual General Meeting of Shareholders approved the Board's
proposal on disposing of the company's own shares with the following
terms and conditions:

a)   The authorisation covers the disposal of all the company's own
     shares already in the possession of the company and/or acquired
     under the authorisation given to the Board. The authorisation
     includes the right to decide on the parties to whom the company’s
     shares are to be disposed and with what priority, the right to
     disapply shareholders' pre-emptive rights of subscription when
     disposing of the shares, and the right to determine the criteria
     for setting the selling price. The shares can also be disposed of
     in public trading on the Helsinki Exchanges.

b)   The company's own shares can be disposed of to be used as
     consideration in company acquisitions, in purchasing assets
     relating to the company's business operations or in carrying out
     other arrangements to develop the company's business, in
     consolidating the company's capital structure, to cover the
     social security costs arising from stock options, or as part of
     the company's remuneration or incentive schemes, or otherwise for
     resale issuance or for invalidation in a manner and scope to be
     decided by the Board. The authorisation does not include the
     right to dispose of shares to the company's insiders.

c)   The authorisation will be effective for one year from the
     decision of the Annual General Meeting of Shareholders. The
     authorisation to dispose of the company’s own shares given to the
     Board of Directors at the Annual General Meeting of Shareholders
     on 25 April 2003, was cancelled.

Raising the company's share capital by issuing new shares and/or
convertible bonds and/or stock options

The Annual General Meeting of Shareholders approved the Board's
proposal on increasing the company's share capital by issuing new
shares and/or convertible bonds and/or stock options with the
following terms and conditions:

a)   The share capital may be increased by issuing new shares, and/or
     convertible bonds and/or stock options in one or more issues. The
     number of new shares through share issuance or subscription of
     shares in exchange for the convertible bonds or pursuant to the
     stock options may be at most 7,518,515 shares, and the company's
     share capital may rise by at most a total of EUR 601,481.20.

b)   The authorisation includes the right to disapply the
     shareholders' pre-emptive rights - as stated in Chapter 4,
     Section 2 of the Companies Act - to subscribe to new shares,
     convertible bonds and/or stock options, and the right to
     determine the criteria for setting the subscription price and to
     set the subscription price, to determine the terms for
     subscription of new shares and the terms of convertible bonds
     and/or share options. The subscription price may not be less than
     the nominal value of the share.

c)   The pre-emptive rights of existing shareholders may be disapplied
     if it is justified by some weighty financial consideration from
     the company’s perspective, such as to carry out company
     acquisitions or other arrangements to develop the company's
     business operations, to finance investments, to reinforce the
     company's capital structure, to cover the social security costs
     arising from share options, or to create a remuneration or
     incentive scheme for the company.

d)   The Board may decide on those who are entitled to subscribe the

     new shares, but the decision must not be made so that it benefits
     the company's insiders. In addition, the Board may decide that
     subscription to an issue of new shares, convertible bonds or
     share options may be in kind, may use the right of set-off or may
     be on other specific conditions.

e)   The authorisation will be effective for one year from the
     decision of the Annual General Meeting of Shareholders. The
     authorisation to increase the company's share capital by issuing
     new shares and/or convertible bonds and/or stock options given to
     the Board of Directors at the Annual General Meeting of
     Shareholders on 25 April 2003, was cancelled.


TECNOMEN CORPORATION


Board of Directors

FURTHER INFORMATION
Mr Lauri Ratia, Chairman of the Board, tel. +358 20 447 7375
Mr Jarmo Niemi, President and CEO, tel. +358 9 8047 8799


DISTRIBUTION
Helsinki Exchanges
Main media


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