GEOSENTRIC HAS RECEIVED COMMITMENT FOR SHORT-TERM FUNDING FROM ITS MAIN INVESTORS AND CONTINUES DISCUSSIONS WITH ALTENATIVE ACQUISION TARGETS

GEOSENTRIC OYJ    STOCK EXCHANGE RELEASE March 22, 2013 at 16:35

GEOSENTRIC HAS RECEIVED COMMITMENT FOR SHORT-TERM FUNDING FROM ITS MAIN INVESTORS AND CONTINUES DISCUSSIONS WITH ALTENATIVE ACQUISION TARGETS

GeoSentric Oyj announced on March 11, 2013 that that the negotiations with Sinophi had been terminated and that GeoSentric had commenced negotiations with another acquisition target based on a similar deal structure that was negotiated with Sinophi. GeoSentric also announced that its key investors had indicated their commitment for additional short-term funding.

The Company now announces that it has received a signed confirmation for this short-term funding that will enable GeoSentric to complete the acquisition or, in the event of non-completion, orderly wind-down of its business.

The company also reports that it is continuing its negotiations with other acquisition targets but has not yet reached a conclusion. The Company will release further details as they become available.

GEOSENTRIC OYJ

Board of Directors

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