Eastern European Markets
August 24, 2006

TietoEnator upgrades card system at AKB Europeysky in Ukraine

TietoEnator, a leading European supplier of IT solutions, and AKB Europeysky have entered into an agreement for the supply and implementation of payment card software.

TietoEnator will supply AKB Europeysky with a fully functional software solution, Card Suite, for payment card issuing and management. The new software will upgrade the bank's payment card management system and will provide the bank with a scaleable Visa International card issuing facility. As such, AKB Europeysky will enhance its retail banking system and expand its range of services to private and corporate customers.

"The Card Suite solution fully complies with today's electronic payment requirements. We are confident that this solution will enhance automated card processing operations, and in doing so, build up a solid basis to expand and improve the quality of our services," says Gennadij Shcheblykin, the deputy chairman of the Board of AKB Europeysky.

"Upgrading the card system will enable the bank to more efficiently exploit the potential of its software - both to manage their financial products and services and to meet business objectives in the Ukraine's dynamic financial services market," notes Ludmila Vasyagina, head of TietoEnator, Ukraine.

About AKB Europeysky:
AKB Europeysky is a global financial institution, serving both corporate and private customers. Throughout its 13 year history, the bank has provided high standards of service and professional staff to its range of customers. The bank has been a member of Visa International, the international payment system, since 2006.

About TietoEnator:
TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services providers in Europe. TietoEnator specializes in consulting, developing and hosting its customers' business operations in the digital economy. The Group's services
are based on a combination of deep industry-specific expertise and the latest information technology. TietoEnator has over 15 000 experts in more than 25 countries.

For further information
Ludmila Vasyagina, head of TietoEnator, Ukraine, tel. + 38 044 585 46 98
Maria Zholtkevich-Stebeneva, director of payment card services,
AKB Europeysky, tel. +38 057 228 20 64

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