BENEFON ESTABLISH DUTCH SUBSIDIARY AND TRANSFERS GEOSOLUTIONS B.V. SHARES TO IT

Benefon announced on May 2nd, 2007 the purchase of GeoSolutions B.V. with the   
agreed purchase value of EUR 6,000,000 and in accordance with the terms of the  
share exchange agreement entered into with GeoHolding B.V. on March 22nd, 2007. 

The Board of Directors of Benefon Oyj has also decided to establish a subsidiary
in the Netherlands, Benefon Solutions B.V., for holding the GeoSolutions shares,
and according to original transaction plan transfer the GeoSolutions shares to  
Benefon Solutions. The transfer price of the shares shall equal the original    
purchase price of the shares paid by Benefon Oyj, which amount Benefon Oyj shall
lend to Benefon Solutions B.V. for paying the transfer price. As the amount of  
original purchase price has not yet been determined finally the transfer price  
and the respective loan are subject to further adjustments correspondingly to   
the conditions set forth in the share exchange agreement.                       



May 14th, 2007                                                                  

BENEFON OYJ                                                                     

Tomi Raita                                                                      
CEO                                                                             


For more information:                                                           
Tomi Raita                                                                      
tel. +358-2-77400                                                               
www.benefon.com                                                                 

Distribution:                                                                   
Helsinki Exchanges                                                              
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