On 15 February 2024, TietoEVRY Oyj (HLSE:TIETO) ('Tietoevry' or the 'Company') announced that its Board of Directors had approved a demerger plan concerning a partial demerger of Tietoevry (the 'Demerger'). Pursuant to the demerger plan, Tietoevry's Banking business (the 'Banking Business') is proposed to be separated into a new independent company to be incorporated in the Demerger, proposed to take the trade name Tietoevry Banking Corporation ('Tietoevry Banking'), the shares of which are intended to be applied for admission to public trading on the official list of Nasdaq Helsinki Ltd. (the 'Listing'). Tietoevry Group's other businesses than the Banking Business, including without limitation the Tietoevry Create, Tietoevry Care, Tietoevry Industry and Tietoevry Tech Services businesses, would form Tietoevry's remaining operations after the Demerger (the 'Remaining Business').

As the Banking Business' assets and liabilities, including part of Tietoevry's loans and cash and cash equivalents balances would, upon the completion of the Demerger, be transferred to Tietoevry Banking, the Company has decided to publish certain preliminary unaudited illustrative financial information concerning Tietoevry's Remaining Business. Tietoevry's Remaining Business is illustrated as if the Demerger would have been completed on 1 January 2023 with the items associated with the Banking Business being omitted. The preliminary unaudited illustrative financial information, among other things, illustrates the leverage level and the ability of the Remaining Business to service debt after the completion of the proposed Demerger.

For completeness, certain preliminary unaudited illustrative financial information illustrating financial position of Tietoevry Banking as if the Demerger would have been completed on 31 December 2023 is also presented.