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2016-02-04

Tieto Oyj: Tieto's Board of Directors convenes Annual General Meeting 2016

Tieto Corporation STOCK EXCHANGE RELEASE 4 February 2016, 8.30 am EET

The Board of Directors of Tieto Corporation has resolved to convene
the Annual General Meeting to be held on 22 March 2016. The Board of
Directors and its Audit and Risk Committee propose to the Annual
General Meeting that the meeting would decide as follows:

1 Payment of dividend

The Board of Directors proposes to the Annual General Meeting that a
dividend of EUR 1.10 per share and an additional dividend of EUR 0.25
be paid from the distributable assets for the financial year that
ended on 31 December 2015. The dividend shall be paid to shareholders
who on the record date for the dividend payment on 24 March 2016 are
recorded in the shareholders' register held by Euroclear Finland Oy
or the register of Euroclear Sweden AB. The dividend shall be paid as
from 8 April 2016.

2 Authorizing the Board of Directors to decide on the repurchase of
the company's own shares

The Board of Directors proposes to the Annual General Meeting that the
Board of Directors be authorized to decide on the repurchase of the
company's own shares as follows:

The amount of own shares to be repurchased shall not exceed 7 200 000
shares, which currently corresponds to approximately 10% of all the
shares in the company. Only the unrestricted equity of the company
can be used to repurchase own shares. Own shares can be repurchased
at a price formed in public trading on the date of the repurchase or
at a price otherwise formed on the market.

The Board of Directors decides how the share repurchase will be
carried out. Own shares can be repurchased inter alia by using
derivatives. The company's own shares can be repurchased otherwise
than in proportion to the shareholdings of the shareholders (directed
repurchase).

The authorization cancels previous unused authorizations to decide on
the repurchase of the company's own shares. The authorization is
effective until the next Annual General Meeting, however, no longer
than until 30 April 2017.

3 Authorizing the Board of Directors to decide on the issuance of
shares as well as on the issuance of options and other special rights
entitling to shares

The Board of Directors proposes to the Annual General Meeting that the
Board of Directors be authorized to decide on the issuance of shares
as well as on the issuance of option rights and other special rights
entitling to shares referred to in chapter 10 section 1 of the
Companies Act in one or more tranches as follows:

The amount of shares to be issued based on the authorization
(including shares to be issued based on the special rights) shall not
exceed 7 200 000 shares, which currently corresponds to approximately
10% of all the shares in the company. However, out of the above
maximum amount of shares to be issued no more than 700 000 shares,
currently corresponding to less than 1 % of all of the shares in the
company, may be issued as part of the company's share-based incentive
programs.

The Board of Directors decides on the terms and conditions of the
issuance of shares, option rights and of special rights entitling to
shares. The authorization concerns both the issuance of new shares as
well as the transfer of treasury shares. The issuance of shares and
of special rights entitling to shares may be carried out in deviation
from the shareholders' pre-emptive right (directed issue).

The authorization cancels previous unused authorizations to decide on
the issuance of shares and on the issuance of options and other
special rights entitling to shares. The authorization is effective
until the next Annual General Meeting, however, no longer than until
30 April 2017.

4 Remuneration and election of the auditor

The Audit and Risk Committee of the Board of Directors proposes to the
Annual General Meeting that the auditor to be elected at the Annual
General Meeting be reimbursed according to the auditor's invoice and
in compliance with the purchase principles approved by the committee.

The committee proposes that the firm of authorized public accountants
PricewaterhouseCoopers Oy be re-elected as the company's auditor for
the financial year 2016.

The actual notice to the Annual General Meeting, including the
complete proposals by the Board of Directors, its Audit and Risk
Committee and the Shareholders' Nomination Board, is scheduled to be
published later today.

Helsinki, 3 February 2016

Tieto Corporation
Board of Directors

For further information, please contact
Jouko Lonka, General Counsel, tel. +358 20 727 8182, +358 400 424 451,
firstname.lastname(at)tieto.com

DISTRIBUTION
NASDAQ Helsinki
NASDAQ Stockholm
Principal Media

Tieto is the largest IT services company in the Nordics providing full
lifecycle IT services. We also provide global product development
services for companies in the communications and embedded
technologies arena. Through industry insight, technology vision, and
innovative thinking, Tieto proactively strives to inspire and engage
our customers in finding new ways of accelerating their business.

Building on a strong Nordic heritage, Tieto combines global
capabilities with local presence. Headquartered in Helsinki, Finland,
Tieto has over 13 000 experts in more than 20 countries. Turnover is
approximately EUR 1.5 billion. Tieto's shares are listed on NASDAQ in
Helsinki and Stockholm. www.tieto.com

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