Tieto appoints Lasse Heinonen as the Group's Chief Financial Officer, EVP

Tieto Corporation STOCK EXCHANGE RELEASE 2 March 2011, 1.00 pm EET Lasse Heinonen (born 1968) has been appointed Tieto Corporation's Chief Financial Officer, Executive Vice President and member of Tieto's Leadership Team as of 16 May 2011. In this position, he will be responsible for finance, treasury, corporate ICT, risk management, procurement as well as communications and investor relations. Heinonen holds a MSc. (Econ.) degree from the Turku School of Economics. Heinonen will join Tieto from Finnair Plc where he has worked since 2004, first as CFO of the company. In the CFO position, he has been responsible for finance, controlling, treasury, procurement, IT & investor relations. Since 2009, Heinonen has served as Finnair's Deputy CEO as well as Executive Vice President with responsibility for Cargo business and Aviation Services, which include the Group's technical operations, ground handling and catering services. Before joining Finnair, Heinonen worked in CFO and supply chain management roles in the pharmaceutical industry (i.e. Novartis and Sandoz) in Switzerland, Turkey and Finland. Hannu Syrjälä, Tieto's President & CEO comments: "Lasse has a strong track record of financial management, line management experience and business growth. As we continue our transformation, I am confident he has the right skills and experience to leverage Tieto's transformation and enhance shareholder value." "I am excited to join Tieto, learn about and contribute to very fast changing business. I am looking forward to being able to convert my leadership experience and knowledge as an IT services customer to Tieto's benefit," says Lasse Heinonen. Tieto's CFO Seppo Haapalainen will continue in his current position until the transfer to new CFO is completed. He will also continue as a member of Tieto Leadership team, and his return back to a business role will be announced later. Lasse Heinonen's CV is available on Tieto's website at www.tieto.com/cv. For further information, please contact: Hannu Syrjälä, President and CEO, tel. +358 2072 68729, hannu.syrjala@tieto.com Reeta Kaukiainen, Vice President, Communications and Investor Relations, tel. +358 50 522 0924, reeta.kaukiainen@tieto.com TIETO CORPORATION DISTRIBUTION NASDAQ OMX Helsinki NASDAQ OMX Stockholm Principal Media Tieto is the leading IT service company in Northern Europe providing IT and product engineering services. Our highly specialized IT solutions and services complemented by a strong technology platform create tangible business benefits for our local and global customers. As a trusted transformation partner, we are close to our customers and understand their unique needs. With more than 17 000 experts, we aim to become a leading service integrator creating the best service experience in IT. www.tieto.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Tieto Oyj via Thomson Reuters ONE [HUG#1493692]