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SETTLEMENT REACHED WITH ATUL CHOPRA

Tecnotree Corporation
Stock Exchange Release, 18 February 2011 at 1.15 pm

The Board of Directors of Tecnotree Corporation is pleased to announce that it has reached an agreement with Atul Chopra and others, whereby all parties have withdrawn all claims and accusations against each other. As a result of the said Settlement, the Board of Directors has agreed to release certain former Lifetree shareholders that at the time of the acquisition of Lifetree received Tecnomen shares, from their three year prohibition to sell shares.

Furthermore, the Board of Directors of Tecnotree Corporation has decided not to convene an extraordinary general meeting as previously announced.

Mr. Chopra shall continue to serve on the Board of Directors of Tecnotree and as the Managing Director and CEO of Tecnotree’s Indian subsidiary Tecnotree Convergence Ltd with a special focus on key customers and new business opportunities.

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