IXONOS OYJ STOCK EXCHANGE RELEASE 10 MARCH 2009 IXONOS CO-OPERATION NEGOTIATIONS HAVE CONCLUDED Ixonos Plc has completed the co-operation negotiations on the Group's Finnish offices. The negotiations began on 12 February 2009. Because of the global financial crisis, the information and communication technology market situation is unstable. Ixonos does not expect the market to grow during the current year. The software and information system investments of corporate customers seem to decline, at least temporarily. Services also appear to be affected by price pressure. In order to make the company's operations more efficient and to increase the Group's profitability in the current market situation, Ixonos commenced co-operation negotiations with the staff in February. The co-operation negotiations have been completed on an accelerated schedule. The negotiations will result in withdrawal of the company wide bonus program for the year 2009 and in reducing the additional holiday pay, accrued for the holiday season of 2008-2009, to a third of the normal amount. In addition the top management of the Group is waiving one month's salary in 2009. The Group will terminate 25 employees. Terminations will affect personnel producing services which, according to the evaluation of the company, will not generate enough demand in the future, and which are affected by growing international price pressure. The realized savings will amount to approximately EUR 3 million from the second quarter of this year. In addition agreement was reached on the possibility to lay-off, during April-June, maximum 50 employees for the maximum period of 5 months, in case the demand for the company's services weakens due to the market situation. All laid-off employees will be granted a personal protection against dismissal for the period of 6 months starting from the beginning of the lay-off period. The company continues to rationalize its operations in order to increase productivity. IXONOS PLC Kari Happonen President and CEO For more information, please contact: Ixonos Plc Kari Happonen, tel. +358 424 2231, mobile +358 400 700 761, kari.happonen@ixonos.com Distribution: Nasdaq OMX Helsinki Main media