Tecnotree Oyj — Board/Management Information 2018

Sep 24, 2018

Organizationof the Board of Directors of Tecnotree Corporation

Organizationof the Board of Directors of Tecnotree Corporation

Tecnotree Corporation
Stock Exchange Release
24 September 2018 at 2.25 pm

Organization of the Board of Directors of Tecnotree Corporation
In accordance with the resolution by the Extraordinary General Meeting held
earlier today, the term of office of the new Board of Directors elected today
commenced upon the completion of the first tranche of the investment by Fitzroy
Investment Limited.

In the organizing meeting of the Board of Directors, Harri Koponen was elected
as Chairman and Neil Mcleod as Vice Chairman of the Board of Directors. The
Board of Directors resolved to establish an audit committee, a remuneration
committee, a nomination committee and a strategy and investment committee.

Harri Koponen, Neil Mcleod and Priyesh Ranjan were elected members of the audit
committee, Jyoti Desai, Pentti Heikkinen and Priyesh Ranjan were elected members
of the remuneration committee, Neil Mcleod, Conrad Neil Phoenix and Christer
Sumelius were elected members of the nomination committee and Jyoti Desai, Harri
Koponen and Priyesh Ranjan were elected members of the strategy and investment
committee. The chairmen of the committees will be elected later.

The Board of Directors has assessed the independence of the members according to
the recommendations of the Finnish Corporate Governance Code. Based on the
assessment, Jyoti Desai, Pentti Heikkinen, Harri Koponen, Priyesh Ranjan and
Christer Sumelius are considered independent of the company and its major
shareholders. Neil Macleod and Conrad Neil Phoenix are considered independent of
the company.
TECNOTREE CORPORATION
Board of Directors

MORE INFORMATION
CFO Kirsti Parvi, tel. +358 50 517 4569
About Tecnotree
Tecnotree is a global provider of telecom IT solutions for the management of
products, customers and revenue. Tecnotree helps communications service
providers to transform their business towards a marketplace of digital services.
Tecnotree empowers service providers to monetise service bundles, provide
personalised user experiences and augment value throughout the customer
lifecycle. With around 1000 telecom experts, Tecnotree serves around 90 service
providers in around 70 countries. Tecnotree is listed on the main list of NASDAQ
Helsinki with the trading code TEM1V. For more information on Tecnotree, please
visit www.tecnotree.com