Tecnomen Lifetree Corporation STOCK EXCHANGE RELEASE 23 March 2010 at 08.30 am TECNOTREE HAS RECEIVED A 2.3 MILLION EUROS MANAGED SERVICES ORDER FROM A CUSTOMER IN MIDDLE EAST Tecnotree has received a managed services order from a customer in Middle East, worth EUR 2.3 M. The order consists of outsourced application management, support and planning for Tecnotree and 3rd party applications. This managed services contract is valid for 2010. With this deal, Tecnotree is strengthening its leading position in the Middle East region. This deal also demonstrates the growing interest of operators in Tecnotree's managed services offering. “It is a proud accomplishment to have been chosen by one of the largest operators in the Middle East with more than 20m subscribers to manage their IS operations.” notes Vinay Anand, Regional Vice President of Tecnotree. “This reinforces Tecnotree's position as a major OSS/BSS solution provider in the MEA region. It also validates our customer centric approach and unmatched value proposition,” Mr Anand added. TECNOMEN LIFETREE CORPORATION Eero Mertano President and CEO FURTHER INFORMATION Eero Mertano, President and CEO, tel. +358 50 535 4970 DISTRIBUTION NASDAQ OMX Helsinki Ltd. Main media www.tecnotree.com About Tecnotree Tecnotree, (Tecnomen Lifetree) founded in 1978, is one of the leading suppliers of Business and Operations Support Systems (BSS/OSS) and Value Added Services (VAS) for telecom operators worldwide. Tecnotree markets and sells its products and services through its own organisation, as well as through global and local partners, and has supplied its products to more than 120 customers around the world. Headquartered in Espoo, Finland, Tecnotree has about 800 employees working in 20 locations worldwide. The company 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
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