TietoEnator Corporation Press Release 27 February 2007, 12.00 am EET TietoEnator is divesting its holding in TietoEnator Libraries Oy to AXIELL bibliotek AB. The transaction follows the process started in September 2005 when TietoEnator and AXIELL bibliotek established a joint venture. The divestment supports TietoEnator's strategy to focus on selected vertical industries. With over 200 library customers serving about 2.5 million people, TietoEnator Libraries Oy is the leading IT supplier for libraries in Finland. The company employs 29 people and is a pioneer in the implementation of Internet-based and mobile library solutions supporting electronic services over the Internet. Net sales of TietoEnator Libraries Oy in 2006 were EUR 2.4 million. The closing of the transaction will take place on 1 April 2007, when the name of the company will be changed to Ab AXIELL kirjastot Oy. The transaction improves both employees' and library customers' international networking and gives them more possibilities to utilize knowledge and ideas across borders. The customers will also benefit from a strengthened development, as the forces in Sweden and Denmark will be combined with the development in Finland. Juhani Kaisanlahti, the head of TietoEnator Libraries Oy's Board, said: "The opportunities to develop new IT solutions are advancing all the time. In our opinion it's more effective to centralize competences for contributing libraries to face their future challenges. I'm convinced that, focusing only on the library market, AXIELL is an international supplier that can support libraries cost-effectively and is an excellent partner for Finnish libraries." Jerk Sintorn, Managing Director of AXIELL bibliotek AB, said: "More development, quicker, advanced, and purposive, is a great challenge for all firms. But in the Nordic region every domestic area in the library market is too small to be able to pay for the necessary development in the long run. Therefore, it makes sense to unify TietoEnator Libraries Oy in AXIELL so the Nordic librarianship can continue to have an exceptional position among the libraries of the world with regard to accessibility, utilization and efficiency. AXIELL will continue to help the Nordic libraries in their mission to be one of the cornerstones in building the new digital world." For further Information, please contact: Juhani Kaisanlahti, Deputy President, TietoEnator Healthcare & Welfare, tel. +358 400 643 371 Jerk Sintorn, Managing Director, AXIELL bibliotek AB, tel. +46 317 10 29 51. TIETOENATOR CORPORATION DISTRIBUTION Principal Media TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services providers in Europe. TietoEnator specializes in consulting, developing and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and the latest information technology. TietoEnator has about 16 000 experts in close to 30 countries. www.tietoenator.com AXIELL bibliotek is the leading supplier of IT Systems and services to Nordic libraries - and also one of the top 10 companies of the world in this industry. AXIELL is a vendor that is dedicated solely to libraries as a target group and has its focus on library development. AXIELL develops technically advanced library management systems in close cooperation with the customers. More than 700 libraries in the Nordic countries are using AXIELL's systems. Besides library management systems, AXIELL sells RFID and self-service automats to libraries together with Bibliotheca Nordic A/S. AXIELL has 90 employees in Denmark and Sweden. www.axiell.com