TietoEnator Stock exchange release 10 March 2008, 3.15 PM TietoEnator, OP Bank Group Central Cooperative and Ilmarinen Mutual Pension Insurance Company have signed a letter of intent on combining the ICT operations centres of OP-Pohjola Group and Ilmarinen. The target of the negotiations is to produce the ICT operations management services by a joint venture, that is built on the current subsidiary of OP Bank Group Central Cooperative called FD Finanssidata by modifying its ownership and structure. Today TietoEnator owns 30% and OP Bank Group Central Cooperative owns 70% of FD Finanssidata. Great majority of the personnel in the joint venture will come from FD Finanssidata. The terms of employment with the current personnel of 96 will remain the same. The service personnel will be transferred to the TietoEnator Group under this agreement. Both parties aim to sign the actual contract by the end of April 2008. More information: Sakari Lehtola, Senior Vice President, TietoEnator Processing & Network, tel. +358 400 445769 Leo Höykinpuro, Vice President, TietoEnator Processing & Networkt tel. +358 400 445596 TIETOENATOR CORPORATION DISTRIBUTION Helsinki Stock Exchange Stockholmsbörsen Principal Media TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services companies in Europe. TietoEnator specialises in consulting, developing and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and latest information technology. TietoEnator has about 16,000 experts in close to 30 countries. www.tietoenator.com OP-Pohjola Group is the largest financial services group in Finland. It comprises the independent member cooperative banks and the Group's statutory central institution, OP Bank Group Central Cooperative with its subsidiaries and affiliated companies. Pohjola Bank plc is the largest subsidiary of the Central Cooperative. The Group offers a comprehensive selection of banking, investment and insurance services to private individuals as well as to corporate customers. The Group has more than four million customers and almost 12,500 employees in Finland. At the end of 2007, its total assets were about EUR 66 billion. The Group has a network of about 630 branch offices covering the whole of Finland.
TietoEnator is negotiating with OP-Pohjola Group and Ilmarinen about the centralisation of ICT operating services
| Source: Tieto