Change in Tecnotree Corporation's holding of treasury shares

Tecnotree Corporation Stock Exchange Release 16 May 2022 at 14:00 EET

A total of 49,900 of shares have been subscribed for under the Tecnotree Corporation's stock option plan 2021A and Company has used treasury shares for the share subscriptions. The subscribed shares have been transferred to the subscribers on 16 March 2022 and after that Company holds 12,862,849treasury shares.

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Priyesh Ranjan. CFO. tel. +971 50 955 1188

About Tecnotree
Tecnotree is the only full stack digital business management solution provider for digital service providers, with over 40 years of deep domain knowledge, proven delivery and transformation capability across the globe. Our open source technology based agile products and solutions comprise the full range (order-to-cash) of business process and subscription management for telecom and other digital service providers. Tecnotree products and platforms service over 800 million subscribers worldwide. Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please visit www.tecnotree.com.