FINAL RESULT OF THE PUBLIC TENDER OFFER BY CLAUSAL COMPUTING OY

Helsinki, Finland, 2012-05-04 07:15 CEST (GLOBE NEWSWIRE) -- TECTIA CORPORATION   COMPANY ANNOUNCEMENT   MAY 4, 2012 AT 8:15 A.M

Not for release, publication or distribution in Australia, Canada, Japan, South Africa and the United States.

FINAL RESULT OF THE PUBLIC TENDER OFFER BY CLAUSAL COMPUTING OY

As announced previously, Clausal Computing Oy (“Clausal Computing”) made a cash tender offer (the “Tender Offer”) to purchase all the shares (the ”Shares”) and stock options (the ”Stock Options”) in Tectia Corporation (”Tectia”) which ended on April 27, 2012 at 4:00 p.m. (Finnish time).

Tectia has today received information from Clausal Computing concerning the final result of the Tender Offer.

According to Clausal Computing’s press release Clausal Computing completes the Tender Offer in accordance with its terms and conditions. According to the final result of the Tender Offer, the Shares tendered in the Tender Offer represent approximately 10.38 percent of all the Shares and voting rights attached to the Shares. Together with the Shares otherwise purchased or previously owned by Clausal Computing and Tatu Ylönen, the Shares tendered in the Tender Offer represent approximately 58.02 percent of all the Shares and voting rights attached to the Shares. When taking into account the Shares owned by Tectia’s subsidiary SSH Management Investment Oy, Tatu Ylönen’s direct and indirect share of the voting rights attached to the Shares is 60.88 percent based on the shareholding following the completion of the Tender Offer. In addition, 13,322 Stock Options entitling to Shares were tendered in the Tender Offer, divided into different option programs as follows: 6,475 I/1999 Stock Options and 6,847 I/2000 Stock Options. The Tender Offer will be completed with respect to all those shareholders of the Company and holders of Stock Options who have validly accepted the Tender Offer and who have not validly withdrawn their acceptance, on or about May 7, 2012 and the completion trades will be settled on or about May 10, 2012.

Clausal Computing’s press release is annexed to this stock exchange release.


Helsinki, 3 May 2012

TECTIA CORPORATION


Further info:
Jyrki Lalla, CFO, +358 45 3404641


Distribution:
NASDAQ OMX Helsinki Ltd.
Major media
www.tectia.com


ANNEX:
Clausal Computing Oy’s press release 3 May 2012