Tieto Corporation PRESS RELEASE 23 June 2010 at 9.00 am EET

BancABC, an African banking group, has selected Tieto's card issuing solution for their payment card operations. The group is one of the leading financial institutions in the Southern African region and is in the process of expanding its services into retail banking. BancABC operates in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe.

Tieto's Card Suite solution will provide centralized, uniform management of card operations in all BancABC's operating countries. The suite will also give a competitive advantage through increased cost-efficiency and more effective operations control. The system will support a wide range of credit, debit and prepaid cards, enabling the bank to offer end customers a variety of card products and tailored payment services.

Gavin Savala, Regional Manager, Card Issuing and Acquiring, BancABC says: "We see big potential in the development of the payment card market in the Southern African region. We were looking for a reliable and advanced card solution partner to support our active market entrance strategy. The flexibility of Tieto's card solution supports our goal of offering our customers a variety of card products and further developing the product line as the business grows."

Maris Ozolins, Director of Cards, Tieto Financial Services comments: "The rapid growth in the Southern African retail banking sector is leading to rising demand for payment card services. Tieto's expertise coupled with BancABC's commitment to quality and consistency creates a good platform for providing high-quality services and versatile card products to meet consumer needs."

Tieto Card Suite is a payment card solution for issuing, acquiring, switching, clearing, settlement and fraud management. The solution is used by banks and large payment card transaction processing centers in 30 countries worldwide. Card Suite customers have chosen Tieto for its capability to deliver innovative solutions with a solid return on investment.

For further information please contact:

Maris Ozolins, Director, Tieto Financial Services tel. +371 6 7286 660
Angela Parr, Group Head Marketing & Investor Relations, ABC Holdings Limited tel. +27 11 722 5346

TIETO CORPORATION

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Tieto is an IT service company providing IT, R&D and consulting services. With approximately 17 000 experts, we are among the leading IT service companies in Northern Europe and the global leader in selected segments. We specialize in areas where we have the deepest understanding of our customers' businesses and needs. Our superior customer centricity and expertise in digital services set us apart from our competitors. www.tieto.com

About BancABC
ABC Holdings Limited is the holding company of BancABC, a full service wholesale bank with operations in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe and a group services office in South Africa. With a heritage dating back to 1956, ABC Holdings' long standing success in wholesale banking prompted the Group's recent expansion into retail banking and the rebranding of the Group's banking operations as BancABC. With its first branches already opened in Harare and Dar es Salaam, BancABC's retail operations will expand across the remaining territories in 2010. ABC Holdings Limited is registered in Botswana and listed on the Botswana Stock Exchange, with a secondary listing on the Zimbabwe Stock Exchange. For more information about the Group please visit www.africanbankingcorp.com.