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CHANGES IN THE MANAGEMENT OF TECNOTREE CORPORATION

Tecnotree Corporation                                  STOCK EXCHANGE RELEASE
                                                                       1 February 2011 at 09.55 am

CHANGES IN THE MANAGEMENT OF TECNOTREE CORPORATION

The Board of Directors of Tecnotree Corporation has decided to dismiss Atul Chopra, the member of the Board of Directors, from his operative duties as COO and President as well as the member of the Management Board Tecnotree Corporation. The decisions take effect immediately.

Kaj Hagros, President and CEO of Tecnotree Corporation, will take over the duties of the COO and President.

The Board of Directors of Tecnotree Corporation has decided to convene an extraordinary general meeting in which the dismissal of Atul Chopra from the membership of the Board of Directors will be considered in accordance with the proposal of the Compensation and Nomination Committee.

The grounds for the dismissal are, inter alia, the lack of confidence and an unspecified claim presented to the company on Atul Chopra’s initiative for the acquisition completed in May 2009 to be considered invalid, and disturbance to the business of the group. The company denies all the presented allegations and has initiated legal actions in order to protect its rights.

TECNOTREE CORPORATION

Board of Directors

FURTHER INFORMATION
Kaj Hagros, President and CEO, tel. +358 40 849 1749

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 800 employees serving over 100 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