Tietoevry Corporation has successfully completed its consent solicitation from the noteholders (the ''Noteholders'') of outstanding EUR 300,000,000 senior unsecured notes due June 2025 in accordance with the terms and conditions set out in the notice of the noteholders' meeting dated 5 March 2024. Consents of the Noteholders were solicited to enable the separation of Tietoevry's Banking business through a partial demerger as announced by Tietoevry on 15 February 2024. The Demerger is subject to shareholder approval in an extraordinary general meeting, expected to be held in June 2024, and the preliminary target to complete the demerger is on 30 June 2024.

In the Consent Solicitation, consents were solicited from the Noteholders to, among other things, waive their statutory right to object the Demerger and certain other rights in respect of the Demerger and to waive and authorise any potential breaches in respect of the Notes resulting from the Demerger (the "Proposal"). In connection with the Consent Solicitation, a noteholders' meeting (the ''Meeting'') was held on 21 March 2024 at 9:00 a.m. EET. The Proposal was duly passed in the Meeting.

As compensation to the Noteholders for approving the Proposal, Tietoevry shall pay: i.to each Noteholder who submitted a valid voting instruction in respect of the Consent Solicitation in favour of or against the Proposal by 3 p.m. EET on 13 March 2024 an early instruction fee in an amount equal to 0.15% of the principal amount of the Notes which were subject to such voting instruction and eligible to vote at the Meeting; and ii.a base fee in an amount equal to 0.35% of the principal amount of the Notes to all Noteholders, regardless of whether they voted or not, who are registered at the end of the settlement day prior to the day of the payment of the base fee as direct registered owners or nominees on the list of Noteholders maintained by Euroclear Finland Oy (both fees together, the "Fees").