TietoEnator acquires the US company MAJIQ Inc, the leading provider of pulp and paper industry specific IT solutions in

TietoEnator acquires the US company MAJIQ Inc, the leading provider of pulp and paper industry specific IT solutions in North America TietoEnator takes the position as the leading IT solutions and services provider to the Forest Industry worldwide by acquiring the assets of MAJIQ Inc. MAJIQ has operations in North America, South America, Europe and Australia. With 117 employees and a turnover of about EUR 20 million, MAJIQ has achieved a position of Pulp and Paper market superiority in North America over the past 15 years. Forest Industry is one of TietoEnator´s focus areas on the global level. TietoEnator's Forest Industry strategy is based on the combination of industry specific repeatable solutions and partnerships with leading forest industry companies. The acquisition supports TietoEnator's principle to focus on high value added IT services in the product-market segments where TietoEnator can achieve high expertise, strong market position and robust profitability. Both MAJIQ and TietoEnator are well- established companies with special competencies in Forest Industry IT. In the pulp and paper mill systems market TietoEnator is the market leader in Europe and MAJIQ in North America. "Within our Forest business, this transaction creates the world leading high value added IT service and solution provider for the pulp and paper industry. This is a strong proof of TietoEnator implementing its strategy - to focus on selected industries and to leverage globally vertical expertise by using repeatable solutions and with partnerships", says Pentti Huusko, Senior Vice President of TietoEnator. "Joining forces with TietoEnator makes us the global leader and thus a strong credible partner for large global customers. We will have business relations with seven of the ten world's largest pulp and paper companies and we will have an extensive solution and service offering. Together we have some 700 dedicated forest industry IT specialists supported by TietoEnator's 12.000 IT specialists. We are able to meet the demands of our global customers by providing the required competencies, solutions and services. Customers, industry knowledge, solutions and culture seem to be a perfect mix for the future ", says Mark A. Mahan, President of MAJIQ Inc For more information, please contact: TietoEnator, Sakari Ruotsalainen, Vice President, Forest. +358 405116165 Eric Österberg, Senior Vice President, Corporate Communications, +46 70590 05 99 MAJIQ, Michael Rainwater, Vice President. +1 425 881 7100 With almost 12,000 employees and annual net sales of EUR 1.1 billion, TietoEnator is a leading supplier of high value-added IT services in Europe. TietoEnator specialises in consulting, building and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and latest information technology. www.tietoenator.com MAJIQ Inc. is the leading supplier of order fulfilment and manufacturing execution systems for the pulp and paper industry in North America. The Company is focusing 100 % on serving the pulp and paper industry. The company supplies industry specific software products and solutions and related support services to its customers. MAJIQ has achieved a position of Pulp and Paper market superiority in North America over the past 15 years. This was accomplished by providing a robust and comprehensive manufacturing execution and order fulfilment product coupled with excellent customer service. Approximately 90 high-value industry specific systems have been installed and are continuously being supported. Most of the systems are in North America, with some in South America, Europe and Australasia, too. www.majiq.com TIETOENATOR CORPORATION DISTRIBUTION Helsinki Exchanges Stockholm Stock Exchange Principal Media ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/07/17/20020717BIT00030/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/17/20020717BIT00030/wkr0002.pdf