TietoEnator Corporation Stock Exchange Release 17 March 2008, 5.15 pm EET TietoEnator's Performance Improvement Programme launched in January this year is progressing as planned. The actions taken by the end of February amount to annualized savings of 24 million euros. The company is on track in reaching the annual savings target of more than 100 million euros with the planned run-rate of 50% from the end of 2008. As part of the programme TietoEnator has focused on improving utilization rate. The company has transferred people from administrative work to more customer focused tasks. At the end of February, the utilization rate was about six percentage points higher than during the same period last year. Personnel negotiations in Finland concluded TietoEnator's personnel negotiations that were initiated in Finland on 24 January have been concluded. As a result of the negotiations and other personnel adjustments approximately 190 jobs will be cut. When initiating the negotiations TietoEnator estimated that some 400 people in Finland will be affected by redundancies or internal transfers during 2008. Due to good organic growth, natural attrition and internal transfers the total number of affected personnel came down during the negotiation process. The negotiations processes that have been started in other TietoEnator's operating countries are still ongoing. Hannu Syrjälä, President and CEO, TietoEnator says: "Our Performance Improvement Programme is yielding good results and we are on track to meet the annual savings targets. Cost savings, improved utilization rate and good organic growth during the first two months of the year are key elements in restoring TietoEnator's profitability." TietoEnator will publish its first quarter interim report on 24 April at 8.00 am EET / 7.00 am CET. For further information, please contact: Hannu Syrjälä, President and CEO, tel. +358 9 862 63020 Reeta Kaukiainen, EVP, Communications and Investor Relations, tel. +358 9 8626 3276 or +358 50 522 0924, reeta.kaukiainen@tietoenator.com 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 providers in Europe. TietoEnator specializes 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 the latest information technology. TietoEnator has about 16 000 experts in close to 30 countries. www.tietoenator.com
TIETOENATOR'S PERFORMANCE IMPROVEMENT PROGRAMME PROGRESSING AS PLANNED - PERSONNEL NEGOTIATIONS IN FINLAND CONCLUDED
| Source: Tieto