Tecnotree Oyj — M&A Activity 2018

Mar 16, 2018

VIKING ACQUISITIONS CORP.’S TENDER OFFER FOR ALL ISSUED AND OUTSTANDING SHARES IN TECNOTREE COMMENCES ON 19 MARCH 2018

VIKING ACQUISITIONS CORP.’S TENDER OFFER FOR ALL ISSUED AND OUTSTANDING SHARES IN TECNOTREE COMMENCES ON 19 MARCH 2018

Tecnotree Corporaton
Stock exchange release
16 March 2018 at 13:20
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA
OR HONG KONG OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE
PROHIBITED BY APPLICABLE LAW.

VIKING ACQUISITIONS CORP.’S TENDER OFFER FOR ALL ISSUED AND OUTSTANDING SHARES
IN TECNOTREE COMMENCES ON 19 MARCH 2018

Viking Acquisitions Corp. (“Viking” or the “Offerror”) and Tecnotree Corporation
(“Tecnotree”) announced on 8 March 2018 that they had entered into a transaction
agreement under which Viking undertook to make a voluntary public cash tender
offer to purchase all of the issued and outstanding shares in Tecnotree that are
not owned by Tecnotree or any of its subsidiaries (the “Tender Offer”). The
Tender Offer was announced on 8 March 2018.

According to the press release published by the Offeror today, the Finnish
Financial Supervisory Authority has today approved the tender offer document
relating to the Tender Offer (the “Tender Offer Document”). The acceptance
period under the Tender Offer will commence on 19 March 2018 at 9:30 (Finnish
time) and expire on 13 April 2018 at 16:00 (Finnish time) (the “Offer Period”).
The Offeror reserves the right to extend the Offer Period in accordance with the
terms and conditions of the Tender Offer.

The Tender Offer Document will be available from on or about 16 March 2018
onwards on the internet at www.evli.com/tecnotree and www.tecnotree.com.

The Offeror’s press release referred to above, including also the terms and
conditions of the Tender Offer, is enclosed in its entirety to this stock
exchange release (Appendix 1).

FURTHER INFORMATION

· Harri Koponen, chairman of the Board of Tecnotree, phone +358 40 1922 464
· Padma Ravichander, CEO of Tecnotree, phone +97 15 641 414 20

Viking in brief:

Viking is a corporation incorporated and existing under the laws of Delaware,
the United States. Viking and its affiliates focus on buying, strengthening and
growing software companies worldwide.

Appendix 1: Viking Acquisitions Corp.’s press release of 16 March 2018.
Appendix 2: Terms and Conditions of the Tender Offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA
OR HONG KONG OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE
PROHIBITED BY APPLICABLE LAW.

THIS RELEASE IS NOT A TENDER OFFER DOCUMENT AND AS SUCH DOES NOT CONSTITUTE AN
OFFER OR INVITATION TO MAKE A SALES OFFER. IN PARTICULAR, THIS RELEASE IS NOT AN
OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES DESCRIBED
HEREIN, AND IS NOT AN EXTENSION OF THE TENDER OFFER, IN THE UNITED STATES,
CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG. INVESTORS SHALL ACCEPT THE
TENDER OFFER FOR THE SHARES AND OPTION RIGHTS ONLY ON THE BASIS OF THE
INFORMATION PROVIDED IN A TENDER OFFER DOCUMENT. OFFERS WILL NOT BE MADE
DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE EITHER AN OFFER OR
PARTICIPATION THEREIN IS PROHIBITED BY APPLICABLE LAW OR WHERE ANY TENDER OFFER
DOCUMENT OR REGISTRATION OR OTHER REQUIREMENTS WOULD APPLY IN ADDITION TO THOSE
UNDERTAKEN IN FINLAND.

THE TENDER OFFER IS NOT BEING MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION
WHERE PROHIBITED BY APPLICABLE LAW AND, WHEN PUBLISHED, THE TENDER OFFER
DOCUMENT AND RELATED ACCEPTANCE FORMS WILL NOT AND MAY NOT BE DISTRIBUTED,
FORWARDED OR TRANSMITTED INTO OR FROM ANY JURISDICTION WHERE PROHIBITED BY
APPLICABLE LAW. IN PARTICULAR, THE TENDER OFFER IS NOT BEING MADE, DIRECTLY OR
INDIRECTLY, IN OR INTO, OR BY USE OF THE POSTAL SERVICE OF, OR BY ANY MEANS OR
INSTRUMENTALITY (INCLUDING, WITHOUT LIMITATION, FACSIMILE TRANSMISSION, TELEX,
TELEPHONE OR THE INTERNET) OF INTERSTATE OR FOREIGN COMMERCE OF, OR ANY
FACILITIES OF A NATIONAL SECURITIES EXCHANGE OF, THE UNITED STATES, CANADA,
JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG. THE TENDER OFFER CANNOT BE
ACCEPTED, DIRECTLY OR INDIRECTLY, BY ANY SUCH USE, MEANS OR INSTRUMENTALITY OR
FROM WITHIN THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG
KONG.
About Tecnotree

Tecnotree is a global provider of IT solutions for the management of services,
products, customers and revenue for Communications Service Providers. Tecnotree
helps customers to monetise and transform their business towards a marketplace
of digital services. Together with its customers, Tecnotree empowers people to
self-serve, engage and take control of their own digital life.

Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please
visit

www.tecnotree.com.

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