Westend ICT Plc, Notice to the extraordinary general meeting

26.05.2010 00:00

Westend ICT Plc Stock Exchange Release May 26, 2010 at 14:10 Finnish time

Westend ICT Plc's shareholders are invited to the Extraordinary General Meeting, which will be held on Thursday, June 17, 2010, at 10:00 a.m. in the conference room of Radisson Blu Seaside Hotel in Ruoholahdenranta 3, 00180 Helsinki. The reception of persons who have registered for the meeting will commence at 9:30 a.m. at the meeting location.

A. Matters on the agenda of the general meeting

At the general meeting, the following matters will be considered

1. Opening of the meeting

2. Calling the meeting to order

3. Election of persons to scrutinize the minutes and to supervise the counting of votes

4. Recording the legality of the meeting

5. Recording the attendance at the meeting and adoption of the list of votes

6. Covering losses with unrestricted equity

The Board of Directors proposes that the loss of EUR 5,723,116.11 from previous financial periods, as shown by the approved financial statement of December 31, 2009, be covered with EUR 3,956,000.00 from the invested unrestricted equity reserve.

7. Lowering the share capital to cover losses

The Board of Directors proposes that the company's share capital of EUR 2,569,853.92 be lowered by EUR 1,767,116.11 to cover losses of previous financial periods. After lowering the share capital, the company's new share capital will be EUR 802,737.81.

8. Lowering the share capital to transfer funds into the unrestricted equity reserve

The Board of Directors proposes that, if the proposal in section 7 is approved, the company's share capital of EUR 807,737.81 be lowered by EUR 702,737.81 in such a way that the funds will be transferred to the unrestricted equity reserve. After lowering the share capital, the company's new share capital will be EUR 100,000.00.

9. Closing of the meeting

B. Documents of the general meeting

The proposals of the Board of Directors and this notice to the general meeting are available on the Internet site of Westend ICT Plc at www.westendict.fi. The documents are also available in the head office of the company at Vänrikinkuja 2, 02600 Espoo, and at the general meeting. Copies of the documents will be sent to shareholders upon request.

C. Instructions for the participants in the general meeting

1. The right to participate and registration

Each shareholder, who is registered on June 7, 2010, in the shareholders' register of the company held by Euroclear Finland Ltd., has the right to participate in the general meeting. A shareholder, whose shares are registered on his/her personal Finnish book-entry account, is registered in the shareholders' register of the company.

A shareholder, who wants to participate in the general meeting, shall register for the meeting no later than June 14, 2010, at 16:00, by giving a prior notice of participation. Such notice can be given:

a)by e-mail: yhtiokokous@westendict.com;

b)by phone: +358 207 916700;

c)by fax: +358 207 916701; or

d)by regular mail to Westend ICT Plc, Registration for the general meeting, Vänrikinkuja 2, 02600 Espoo

The notice must arrive before the end of the registration period. In connection with the registration, a shareholder shall notify his/her name, personal identification number, contact information, and the name of a possible assistant or proxy representative and the personal identification number of a proxy representative. The personal information given to the company is used only in connection with the general meeting and with the processing of related registrations.

Pursuant to Chapter 5, Section 25 of the Companies Act, a shareholder who is present at the general meeting has the right to request information with respect to the matters to be considered at the meeting.

2. Proxy representatives and powers of attorney

A shareholder may participate in the general meeting and exercise his/her rights at the meeting by way of proxy representation.

A proxy representative shall produce a dated proxy document or otherwise in a reliable manner demonstrate his/her right to represent the shareholder at the general meeting. When a shareholder participates in the general meeting by means of several proxy representatives representing the shareholder with shares at different securities accounts, the shares by which each proxy representative represents the shareholder shall be identified in connection with the registration for the general meeting.

Possible proxy documents should be delivered in originals to Westend ICT Plc, Registration for the general meeting, Vänrikinkuja 2, 02600 Espoo, before the last date for registration.

3. Holders of nominee registered shares

A holder of nominee registered shares is advised to request without delay necessary instructions regarding the registration in the shareholders' register of the company, the issuing of proxy documents and registration for the general meeting from his/her custodian bank. The account management organization of the custodian bank will register a holder of nominee registered shares, who wants to participate in the general meeting, to be temporarily entered into the shareholders’ register of the company at the latest on the date required by the regulations of Euroclear Finland Ltd., that is, June 14, 2010 at 10:00. For nominee registered shares, this is considered as registration for the general meeting.

4. Other instructions and information

At the date of this notice to the general meeting, May 26, 2010, the total number of shares and votes in Westend ICT Plc is 175,571,096.

We welcome the shareholders to the general meeting.

Espoo, May 26, 2010

WESTEND ICT PLC

BOARD OF DIRECTORS