GEOSENTRIC OYJ BULLETIN August 21, 2009 at 09.45 GEOSENTRIC ADOPTS NEW OPTION PLAN AND ALLOCATES EMPLOYEE OPTIONS GeoSentric announces that it has decided to adopt new option plan by issuing a maximum of 1,500,000 new option rights to key employees of the company. The options are issued on standard terms used by the company in its option plans. Each option right entitles its holder to subscribe for one (1) new share at subscription price of EUR 0.045 during the subscription period, which ends on December 31st 2013. The company has also allocated further 195,000 new options to its employees under its Option Plan 2008-V. August 21, 2009 GeoSentric Oyj Distribution: OMX Nordic Exchange Helsinki Principal news media ABOUT GEOSENTRIC Oyj (GyPSii): GeoSentric's GyPSii is the market-leading mobile digital lifestyle application and geo-mobility social networking platform: connecting people, places and communities across networks and devices. Based in Salo, Finland and Amsterdam, The Netherlands, GeoSentric operates offices in North America, Europe and Asia Pacific. GeoSentric is listed on the Nordic Exchange (NASDAQ OMX: GEO1V)). For more information, visit www.gypsii.com and www.gypsii.com.cn © 2009 GeoSentric. All rights reserved. The GyPSii related marks, images and symbols are the exclusive properties and trademarks of GeoSentric and/or its business units. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. CONTACTS FOR PRESS: Becky Kiely /Laura Bryant CCgroup, Tel: +44 (0)118 920 7650 E-mail: gypsii@the-cc-group.com