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HIGH COURT OF DELHI HAS DISMISSED THE EXECUTION PETITION IMPOSED ON TECNOTREE

Tecnotree Corporation
Stock Exchange Release
July 9, 2012 at 9.45 am (EEST)

The High Court of Delhi has, as per the request of Tecnotree Corporation, dismissed the execution petition related to a claim brought by Atul Chopra, a former board member of Tecnotree Corporation, concerning an alleged breach by Tecnotree Corporation of the Settelement Agreement dated 21 February 2011 reached with Atul Chopra. According to the decision of the High Court of Delhi, all disputes relating to the Settlement Agreement shall be resolved in arbitration in Singapore, as pleaded by Tecnotree.

The company is not aware that Atul Chopra would have appealed the decision of the High Court of Delhi or commenced arbitration proceedings in the matter.

As a result of the decision of the High Court of Delhi, all funds temporarily frozen at the bank account of Tecnotree Corporation in India have been released.


TECNOTREE CORPORATION

Board of Directors


Further information
Kaj Hagros, President and CEO, tel. +358 40 849 1749.

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 900 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