Tecnotree Corporation has received an execution order by the High Court of Delhi

Tecnotree Corporation
Stock Exchange Release
18 October 2011 at 12.10 pm

The Board of Directors of Tecnotree Corporation has received an execution order by the High Court of Delhi whereby Atul Chopra, a board member of Tecnotree Corporation, claims that Tecnotree has failed to honor the Settlement Agreement dated 21 February 2011 reached with Atul Chopra. The execution order has been granted without hearing Tecnotree.

Tecnotree denies the presented claims and has initiated legal actions in order to protect its rights.


TECNOTREE CORPORATION

Board of Directors


FURTHER INFORMATION
Ilkka Raiskinen, Vice Chairman of the Board, tel. +358 45 311 3113

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

About Tecnotree
Tecnotree is a global provider of a broad range of telecom IT solutions focused on charging, billing, customer care, messaging and content services. Tecnotree empowers communication service providers to create and monetize a broad marketplace of digital services, and augment value across the customer lifecycle. Acknowledged for agility and commitment, Tecnotree has more than 900 employees serving over 120 operators globally. Tecnotree 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