Tecnotree Corporation STOCK EXCHANGE RELEASE 15 July 2010 at 08.30 am MTL CHOOSES TECNOTREE'S FUTURE-READY OSS/BSS PRODUCT SUITE WORTH USD 2.2 MILLION Tecnotree is pleased to announce that Malawi Telecommunications Limited (MTL) has chosen Tecnotree for implementing OSS/BSS product suite. The order awarded is worth USD 2.2 million. MTL's vision is to develop telecommunications in the country to ensure better and broader access of communication services to Malawians. To take this vision forward, MTL was looking for the supply, installation and commissioning of Billing and Mediation systems. Tecnotree's offered solution consists of Customer Care & Billing System, Partner Management Solution, Customer Care & Self Care Portals, Mediation and Service Provisioning System. Designed using industry best standards, Tecnotree, with the proposed solutions yearns to help MTL to simulate and perfect its OSS/BSS processes and equip MTL with quick scalability. The implementation will take place in the last two quarters of 2010. Atul Chopra, COO & President, Tecnotree says, “With this implementation, we will provide MTL with a robust and flexible, future ready solution. We are confident that our domain expertise will result in a successful implementation and forge the way to a long and mutually rewarding association”. With this win, Tecnotree has further expanded and strengthened its footprint in the African continent. TECNOTREE 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 over 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 About Malawi Telecommunications Limited (MTL) Malawi Telecommunications Limited (MTL) was registered as a limited company in 2000 when the government decided to split the parastatal Malawi Posts and Telecommunications Corporation (MPTC) into two entities - MTL and Malawi Posts Corporation (MPC) - to allow the two to concentrate on their core businesses separately. In 2005, the government through the Privatization Commission finalized the privatization of MTL. With its headquarters in Blantyre, MTL is now owned by Telecomm Holdings Limited (THL) which holds 80% and Malawi Government which retains 20%.
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