Transfer of 50,000,000 warrants by Fitzroy Investments Limited to Luminos Sun Holding Limited

Tecnotree Corporation
Stock Exchange Release
25 January 2019 at 13:00

Transfer of 50,000,000 warrants by Fitzroy Investments Limited to Luminos Sun Holding Limited

Tecnotree Corporation ("Tecnotree") informed by stock exchange release published on 24 September 2018 that Fitzroy Investments Limited ("Fitzroy") had subscribed a number of 72,444,960 freely assignable and transferable warrants (the "Warrants") entitling, but not obligating, their holder to subscribe for 72,444,960 new shares in Tecnotree with the total subscription price of 2.91 million euros at a price per share of about 0,04 euros by 24 September 2019.

Fitzroy has informed Tecnotree today that it has transferred a number of 50,000,000 Warrants to Luminos Sun Holding Limited ("Luminos"). According to the information provided to Tecnotree by Luminos, Luminos is a company incorporated under the laws of the British Virgin Islands and its ultimate beneficial owner is Mr. Prakash K Aildasani. Luminos has further informed Tecnotree that it will exercise the Warrrants transferred to it within 15 days.

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Padma Ravichander, CEO, tel. +97 156 414 1420

About Tecnotree
Tecnotree is a global provider of telecom IT solutions for the management of products, customers and revenue. Tecnotree helps communications service providers to transform their business towards a marketplace of digital services. Tecnotree empowers service providers to monetise service bundles, provide personalised user experiences and augment value throughout the customer lifecycle. With around  600 telecom experts, Tecnotree serves around 90 service providers in around 70 countries. Tecnotree is listed on the main list of NASDAQ Helsinki with the trading code TEM1V. For more information on Tecnotree, please visit www.tecnotree.com