Insider AdministratioN

Tecnotree complies with the Guidelines for Insiders issued by NASDAQ OMX Helsinki Ltd. The company has also introduced its own insider guidelines, which include instructions for both permanent and project-specified insiders. These quidelines have been distributed to all insiders and they are available to all Tecnotree employees. The company keeps its insider register in the SIRE system maintained by the Euroclear Finland Ltd (formerly Finnish Central Securities Depository Ltd)

Tecnotree's statutory insiders are the members of the Board of Directors, the President and CEO, members of the Management Board and the auditor (insider with the duty to declare).

The company-specific insider register includes people who in their work regularly obtain information that may have a material impact on the value of the company's shares (permanent company-specific insiders). When necessary, the company prepares project-specific insider registers for major projects.

Tecnotree's Board of Directors has confirmed a restriction on insiders to trade in the company's shares 14 days prior to the publication of financial reports.

Insider issues are managed and monitored by the company's CFO.