GEOSENTRIC OYJ STOCK EXCHANGE RELEASE March 31, 2010 at 9:00 FINANCING ROUND STATUS UPDATE AND EXTENSION OF OFFERING PERIOD As previously informed GeoSentric Oyj has been preparing a new financing round to raise up to EUR 25,000,000 through the Company's fully owned Dutch subsidiary GeoSolutions Holdings N.V. to secure the working capital needs of the group and to support the execution of the business plan. More details of the offering can be found in Company's Q3 2009 interim report that was released on November 23, 2009. The only investment commitment received by the date has been the EUR 7,500,000 commitment received in November 2009 from the lead investor. The financing round has been more challenging than expected before due to very challenging atmosphere in the financing markets globally. The Company's original target was to close the financing round by March 31, 2010, which deadline now has been extended until the end of the year 2010. The Company is currently engaged in ongoing discussions with its key shareholders and investors to explore the different financing alternatives. GeoSentric Oyj For more information, please contact: investors@gypsii.com Distribution: NASDAQ OMX Helsinki Principal news media