GEOSENTRIC OYJ STOCK EXCHANGE RELEASE May 15, 2009 at 14:30 THE END OF THE SUBSCRIPTION PERIOD OF LOAN NOTE ISSUE AND CHANGES IN SECURITIES On September 3, 2008 GeoSentric Oyj informed upon issuance of a loan note to raise a maximum amount of EUR 16,000,000 (“Issue”). The subscription period of the Issue has ended on this day May 15, 2009 and the total amount of subscription was EUR 10,000,000. The loan note provides a minimum conversion ratio of EUR 0.106 and is exercisable only at predefined conversion events. The maximum amount of new shares to be subscribed by virtue of the subscribed note is 94,339,622 representing approximately 10.51 % of the registered share amount and 8.14 % of all the outstanding securities. Of the share subscription price EUR 0.01 is booked to share capital and the remainder in invested unrestricted equity fund. As a result of the Note, company's share capital may increase by a maximum of EUR 943,396.22. The Board has decided in its meeting on May 14, 2009 to adopt Option Plan 2009-I and issue a total amount of 3,000,000 options by virtue of the authorization granted by the Extraordinary General Meeting on September 10, 2007. The options are directed to the Board's independent advisors without charge as decided by the Board. The options may be converted into corresponding amount of new shares during the share subscription period ending on December 31, 2012 with a share subscription price of 0.045 euros per share. Option rights have been subscribed when issued. The Board has also decided upon allotment of option rights under the Option Plan 2008-V. According to the terms and conditions the maximum of 9,505,000 option rights shall be allotted to the key resources of the GeoSentric group during the option subscription period, which ends on December 31, 2009. Of the reserved amount, a total of 9,277,500 options have now been allotted. GeoSentric Oyj For more information, please contact: investors@gypsii.com Distribution: NASDAQ OMX Helsinki Principal news media
THE END OF THE SUBSCRIPTION PERIOD OF LOAN NOTE ISSUE AND CHANGES IN SECURITIES
| Source: GeoSentric Oyj