Viking’s claim has been dismissed

Tecnotree Corporation Stock Exchange Release 16 September 2021 at 9:00 EET

In pursuance to Tecnotree Corporation’s (“Tecnotree”) stock exchange release dated 19 March 2020 regarding the claims filed by Viking Acquisition Corp. (Viking) before the District Court of Länsi-Uusimaa to nullify certain resolutions of Tecnotree’s board from 2018 and 2019 and for damages against the board of directors of Tecnotree, has been dismissed on 15 September 2021 with the ruling of the District Court.

The ruling is based on the settlement reached between the parties. Tecnotree published a stock exchange release regarding the settlement on 9 July 2021 and a stock exchange release regarding the completion of the conditions of the settlement on 14 September 2021.

FURTHER INFORMATION
Priyesh Ranjan. CFO. tel. +971 50 955 1188

About Tecnotree
Tecnotree is the only full stack digital business management solution provider for digital service providers, with over 40 years of deep domain knowledge, proven delivery and transformation capability across the globe. Our open source technology based agile products and solutions comprise the full range (order-to-cash) of business process and subscription management for telecom and other digital service providers. Tecnotree products and platforms service over 800 million subscribers worldwide. Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please visit www.tecnotree.com.