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TietoEnator Oyj (HEL:TIE1V) Tieto's Capital Market Day In Helsinki On 9 December 2008 Starting At 9.30 Am EET

TietoEnator Oyj (HEL:TIE1V) TietoEnator Corporation Press Release 9 December 2008 9.30 am EET

Tieto will organize its annual Capital Market Day for investors and analysts today on 9 December in Helsinki. The event begins at 9.30 am EET. The main topics include Tieto's renewed strategy, strategic growth areas - Sweden, Russia and Telecom - as well as the company's global delivery model.

The presenters during the event are Hannu Syrjälä, President & CEO and members of Tieto's new Leadership Team Eva Gidlöf, Kavilesh Gupta, Seppo Haapalainen, Bengt Möller and Pekka Viljakainen.

New operating model in 2009 Hannu Syrjälä's presentation will focus on the company's new strategy, main goals and the new operating model that will be taken into use in the beginning of 2009. He will also discuss the company's achievements during 2008 and the current market situation.

"Tieto has gone through a major transformation during the past year. Our Performance Improvement Programme has been one of the biggest initiatives and it has progressed extremely well. By the end of the third quarter, we had already achieved 70% of our savings targets, and our profitability has improved clearly form last year. We have also renewed our operating model to better meet the demands of our customers and markets," says Hannu Syrjälä.

"The financial crisis and the fast deterioration of the overall economy have impacted almost all our customer segments, especially telecom. The visibility regarding our customers' industries and the IT services market have weakened, and therefore predicting future trends in the business is very challenging. On the other hand, the current market situation offers opportunities for IT companies as customers are rationalizing their operations by outsourcing some of them to selected partners."

Three strategic growth areas From the geographical perspective, Tieto looks for growth especially in Sweden and Russia. Sweden is the biggest IT market of the Nordic countries, and Russia offers great opportunities, especially on the IT services side. In Russia, growth in the IT sector has been very hardware-driven, but now the IT services area is expected to increase their share. Tieto plans to be one of the main players on this market and is therefore strengthening its presence in Russia.

Tieto is the biggest telecom R&D provider in Europe. The sector has been very technology-oriented, but now it is gradually becoming more consumer-driven. Consumers are demanding more and more services with lower prices. Tieto responds to these requirements by offering its customers new services, e.g., new ways of mobile marketing.

Global delivery model boosts efficiency Tieto continues to invest in the development of its global delivery model. The model aims at increasing cost-efficiencies and through that it will also offset the impacts of wage inflation on the company's profitability. Tieto plans to increase its delivery capability in India and China especially. Both countries can provide the needed competencies at competitive costs. The company's target is to have 40% of its employees in its global centres of excellence by 2011.

New financial reporting in 2009 As a consequence of the changes in Tieto's operating model and structure, the company will adopt a new financial reporting model at the beginning of 2009. The new model reflects the company's new structure. The main reporting dimensions will be countries and industries.

The full programme of the Capital Market Day is available on the company's website. The event can also be followed live through a webcast at Capital Market Day Pdf files of the presentations will be posted on the website during today, 9 December.

TIETOENATOR CORPORATION

For more information: Reeta Kaukiainen, EVP, Communications and Investor Relations, tel. +358 2072 68711 or +358 50 522 0924, reeta.kaukiainen@tieto.com

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

TietoEnator Oyj

http://www.tieto.com

ISIN: FI0009000277

Stock Identifier: XHEL.TIE

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