Correction to stock exchange release announced on 5 November 2019 at 3 p.m.

Transaction unit price was 0.01 EUR instead of .001 EUR.

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Person subject to the notification requirement
Name: Ravichander, Padma
Position: Chief Executive Officer
Issuer: Tecnotree Oyj
LEI: 743700MRPVY17ASHCX38
Notification type: INITIAL NOTIFICATION
Reference number: 743700MRPVY17ASHCX38_2019110514926_6

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Transaction date: 2019-10-31

• Restricted Share Units (RSUs) giving a contractual right to receive shares over the next 3 year period as per an equated semi-annual vesting schedule.

LTI Plan Objective

Having shown recovery from a difficult period where bonus pay-outs and salary increments were suspended for the key employees and considering the growth trajectory that the company aspires to follow - it was felt that the key employees must be retained and their interests be aligned to that of the Company.

RSU Plan Coverage

Resolution of the Extraordinary General Meeting

The Extraordinary General Meeting of Tecnotree Corporation held on 5 September 2019 elected Anders Fornander as a new member of the Board of Directors for a term that expires at the end of the first Annual General Meeting following the election.

After the resolution, the Board of Directors consists of Jyoti Desai, Anders Fornander, Kaj Hagros, Neil Macleod and Conrad Neil Phoenix.

Organization of the Board of Directors

Correction to section C.1. in the invitation announced on 9 August at 1 p.m.  

" Each shareholder, who is registered on 20 August 2019 in the shareholders' register of the company held by Euroclear Finland Ltd., has the right to participate in the Extraordinary General Meeting." Corrected date 26 August 2019.

Correction to section C.2. in the invitation announced on 9 August at 1 p.m.