GEOSENTRIC OYJ BULLETIN May 16, 2008 at 10:30 hrs. RESOLUTIONS OF GEOSENTRIC OYJ ANNUAL GENERAL MEETING The following resolutions were made by the Annual General Meeting of GeoSentric Oyj of May 16th 2008: 1. Confirming the annual accounts and deciding on handling the loss for the period according to the confirmed balance sheet The Annual General Meeting of GeoSentric Oyj confirmed the income statement and the balance sheet of the company from the financial period from January 1st to December 31st 2007. The General Meeting resolved that the loss from the period shall be booked on the previous years' profit/loss account and that no dividend is paid. 2. Discharge the members of the Boards and CEO from liability The Annual General Meeting resolved to discharge from liability the members of the Board and the CEO. 3. Election of Board members and auditors The Annual General Meeting resolved that the number of Board members is seven (7) and elected the following persons to the Board: Mr. Daniel Harple, Mr. Michael Vucekovich, Mr. Gary Bellot, Mr. David Francis, Mr. Andy van Dam, Mr. Winston Guillory and Mr. Hans van der Velde. It was also resolved that the meeting fee for the members of the Board of Directors will be EUR 1,500.00 per meeting and that the members of the Board of Directors are entitled to standard incentive plan according to practices of the company. The Board convened immediately after the Annual General Meeting and appointed Mr. Daniel Harple to the Chairman of the Board. The General Meeting resolved to keep the number of ordinary auditors in one and re-elected Ernst & Young Oy, CPA Mr. Erkka Talvinko acting as its responsible auditor, to its auditor, and PriceWaterhouseCoopers Oy as deputy auditor. Salo May 16, 2008 GeoSentric Oyj Board of Directors Direct press and analyst inquiries to communications@gypsii.com in the Americas or geosentric@companycare.com in EMEA. Distribution: OMX Nordic Exchange Helsinki Principal news media