TietoEnator Corporation Stock Exchange Release 26 May 2008, 12.45 am
EET


Cidron Services Oy (Nordic Capital) has announced today, 26 May 2008,
that its public tender offer for the shares and stock options of
TietoEnator Corporation lapses as the conditions to the completion of
the tender offer were not fulfilled during the offer period. The
offer period under Cidron Services' offer expired on Friday, 23 May
2008.

In its statement on 21 April 2008 TietoEnator's Board of Directors
considered that Cidron Services' offer of EUR 15.00 per TietoEnator
share did not reflect the true value of the company and recommended
shareholders and holders of stock options not to accept the offer.

Currently there are no public tender offers outstanding for
TietoEnator shares and stock options. During Cidron Services' offer
period, TietoEnator's Board of Directors has had discussions with
several parties interested in acquiring TietoEnator. So far, none of
these discussions have led to firm and actionable offers. The Board,
however, continues these discussions to find out whether such
alternatives would enhance shareholder value.

TietoEnator is focused on the implementation of its turnaround
activities, Performance Improvement Programme and the revised
strategy. The Board will review TietoEnator's strategy in its annual
strategy meeting during the coming summer and it will publish a
summary of related decisions in connection with the second quarter
interim report on 18 July 2008 to provide shareholders a concrete
view about the details of the strategy and the company's execution
plans.

After the first quarter, the Performance Improvement Programme has
continued to proceed according to plans. By the end of April, the
company had achieved annualized cost savings of EUR 43 million (EUR
36 million at the end of March). Due to the good progress of the
Programme and based on further analysis, the Programme's overall
savings target has been increased to approximately EUR 130 million
from the previous EUR 100 million. These savings and the other
turnaround activities continue to have a positive impact on
TietoEnator's financial performance.

TietoEnator's unaudited net sales for January-April amounted to EUR
633 million (583 million in January-April 2007), and the operative
profitability of the company has continued to develop in line with
the first quarter.

TietoEnator will publish its second quarter interim report on 18 July
2008 at 8.00 am EET.

For further information, please contact:
Anders Ullberg, Chairman of the Board, tel. +46 70 632 6371
Reeta Kaukiainen, Executive Vice President, Communications and
Investor Relations, tel. +358 (0) 2072 68711

TIETOENATOR CORPORATION


DISTRIBUTION
Helsinki Stock Exchange
Stockholmsbörsen
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





Copyright © Hugin AS 2008. All rights reserved.