Apr 21 2010 10:30 am

Tectia Interim Report, January 1 - March 31, 2010

Helsinki, Finland -  
January-March                                                                   

- Net sales totaled EUR 2.3 million, up by 24.4 % percent year on year (EUR 1.9 
  million in 1-3/2009). 
- Operating loss amounted to EUR -0.0 million (an operating loss of EUR -0.8    
  million in 1-3/2009), profit EUR 0.0 million (EUR -0.6 million). 
- Earnings per share EUR 0.00 (EUR -0.02).                                      

The company's financial position remained healthy, with equity ratio 66.3 %     
(81.7%) and liquid assets at the end of the period EUR 5.2 million (EUR 7.5     
million).                                                                       

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| KEY FIGURES                      |          |          |          |          |
--------------------------------------------------------------------------------
|                                  |     1-3/ |     1-3/ | Change % |    1-12/ |
|                                  |     2010 |     2009 |          |     2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales (MEUR)                 |      2.3 |      1.9 |     24.4 |      8.8 |
--------------------------------------------------------------------------------
| Operating profit/loss (MEUR)     |     -0.0 |     -0.8 |     92.1 |     -1.5 |
--------------------------------------------------------------------------------
|   % of net sales                 |     -1.8 |    -40.7 |          |    -17.1 |
--------------------------------------------------------------------------------
| Profit/loss before taxes (MEUR)  |      0.0 |     -0.6 |    105.6 |     -1.2 |
--------------------------------------------------------------------------------
| Profit/loss (MEUR)               |      0.0 |     -0.6 |    105.6 |     -1.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Return on equity, %              |      0.0 |    -22.5 |          |    -12.4 |
--------------------------------------------------------------------------------
| Return on investment, %          |      0.0 |    -21.8 |          |    -10.8 |
--------------------------------------------------------------------------------
| Liquid assets                    |      5.2 |      7.5 |    -30.8 |      6.4 |
--------------------------------------------------------------------------------
| Gearing (%)                      |   -179.8 |   -139.2 |          |   -144.2 |
--------------------------------------------------------------------------------
| Equity ratio (%)                 |     66.3 |     81.7 |          |     71.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share (EUR)         |     0.00 |    -0.02 |    105.3 |    -0.04 |
--------------------------------------------------------------------------------
| Shareholders' equity per share   |     0.10 |     0.18 |    -50.8 |     0.15 |
| (EUR)                            |          |          |          |          |
--------------------------------------------------------------------------------


CEO's BUSINESS REVIEW                                                           

The company continued efforts on developing the company into a sales and        
marketing oriented security software company started on the second half 2009.   

Net sales amounted to EUR 2.3 million with an increase of 24.4 percent compared 
to the previous year. The cost savings were -12 percent in expenses during the  
first quarter of 2010 compared to the previous year. At the same time the       
company invested in sales and marketing. The operating profit was EUR 0.0       
million. The company's financial position remained healthy with an equity ratio 
of 66.3 percent and EUR 5.2 million liquid assets.                              

The company signed enterprise-class security solution agreements in the Americas
with the professional services and IT solutions organization for federal        
government and defence, one of the largest German banks for its U.S. operations,
a NYSE stock-listed retailer, a top-ranked global research university and a     
leading Canadian-based global financial institution. In Europe the company      
signed customer agreements with ACGO Sisu Power, world's leading makers of      
diesel engines and Stockmann, a Finnish retailer for their secure authentication
and distribution solutions.                                                     

The company strengthened its role in the Asia-Pacific region and opened an      
office in Hong Kong. The purpose is to establish a local presence that will     
allow the company to bring the benefits of its secure communications solutions  
to customers in the Asia-Pacific region. The regional hub will also offer more  
effective support to existing, regional channel partners.                       

As part of the value-creating offering development, the company launched SSH    
Tectia MobileID authentication platform. It is a strong two-factor              
authentication service that utilizes fast and the most readily available        
authentication device, the end user's existing mobile phone, to provide higher  
security and ease of use for user authentication to various enterprise services.

In the home market the company announced a strategic partnership with Javerdel, 
a Finnish ICT service provider and Santa Monica Networks, a Finnish provider of 
demanding data network solutions. The objective of the parties is to offer fast 
and the most convenient mobile security to local enterprise customers.          

The Annual General Meeting decided that the business of SSH Communications      
Security Corp. will be unified under one brand, Tectia. In order to rebuild its 
corporate image and marketing communications, the company appointed a new       
marketing director. Along the lines, the company continued brand and            
communications strategy program with its marketing partner. The results will be 
launched within the first half of 2010.                                         

The renewal of enterprise resource planning (ERP) system was initialized with   
the objective to replace the existing ERP systems with more dynamic and         
reporting friendly solution by the end of first half.                           

The key strategic objective is to continue efforts on developing the company    
into a sales and marketing oriented security software company with strong       
value-added offering and customer focus.                                        

For the fiscal year 2010, SSH estimates its net sales to grow from 2009 and     
expects the net result to be positive.                                          

NET SALES                                                                       

Consolidated net sales for January-December totaled EUR 2.3 million (EUR 1.9    
million), up by 24.4 %, year on year.                                           

The Americas, the Europe, Middle East and Africa market area and the Asia       
Pacific region accounted for 73.9 percent (65.1 percent), 18.4 percent (23.6    
percent) and 7.7 percent (11.3 percent) of reported net sales, respectively.    


--------------------------------------------------------------------------------
| TECTIA NET SALES         |           |           |            |              |
--------------------------------------------------------------------------------
| EUR Million              |      1-3/ | 1-3/ 2009 |   Change % |        1-12/ |
|                          |      2010 |           |            |         2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| BY SEGMENT               |           |           |            |              |
--------------------------------------------------------------------------------
|   AMERICAS               |       1.7 |       1.2 |       41.2 |          5.5 |
--------------------------------------------------------------------------------
|   APAC                   |       0.2 |       0.2 |      -15.2 |          0.8 |
--------------------------------------------------------------------------------
|   EMEA                   |       0.4 |       0.4 |       -2.9 |          2.5 |
--------------------------------------------------------------------------------
|   Tectia Group Total     |       2.3 |       1.9 |       24.4 |          8.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| BY OPERATION             |           |           |            |              |
--------------------------------------------------------------------------------
|   License sales          |       1.0 |       0.6 |       63.1 |          4.1 |
--------------------------------------------------------------------------------
|   Maintenance            |       1.3 |       1.2 |        4.3 |          4.7 |
--------------------------------------------------------------------------------
|   Total                  |       2.3 |       1.9 |       24.4 |          8.8 |
--------------------------------------------------------------------------------

                                                                                
The majority of Tectia's invoicing is U.S. dollar based. During the report      
period, the U.S. dollar's average exchange rate to euro weakened approximately  
6.3 percent compared to the same period a year ago. At constant currency, net   
sales would have increased 30.3 percent compared to corresponding period in     
2009.                                                                           

RESULTS AND EXPENSES                                                            

Operating loss for January-March amounted to EUR -0.0 million (an operating loss
of EUR -0.8 million), with net profit totaling EUR 0.0 million (a loss of EUR   
-0.6 million). On-going cost savings program reduced costs by EUR -0.4 million  
and -12 percent compared to corresponding period.  There are no relevant        
transactions after reporting period that would affect on company's results and  
profitability.                                                                  

Research and development expenses for the report period totaled EUR 0.5 million 
(EUR 0.9 million), while sales, marketing and customer support expenses amounted
EUR 1.2 million (EUR 1.1 million) and administrative expenses EUR 0.6 million   
(EUR 0.6 million). Organizational change took in place starting from 2010 where 
customer support -unit from research and development was transferred to         
management of sales and marketing as part of Customer Market Operations (CMO)   
organization. Previous corresponding figures are according to old organizational
structure. Costs of transferred functions are EUR 0.3 million for first quarter 
2010. Effect on corresponding figures are EUR 0.3 million for first quarter 2009
and EUR 1.0 million for total 2009.                                             

BALANCE SHEET AND FINANCIAL POSITION                                            

The financial position of Tectia remained at a healthy level during the report  
period, despite the capital returned to shareholders.  The consolidated balance 
sheet total on March 31, 2010 stood at EUR 7.1 million (EUR 9.3 million), of    
which liquid assets accounted for EUR 5.2 million (EUR 7.4 million), or 72.7    
percent of the balance sheet total. On December 31, 2009, gearing, or the ratio 
of net liabilities to shareholders' equity, was -179.8 percent (-139.2) and the 
equity ratio stood at 66.3 percent (81.7).                                      

The reported gross capital expenditure for the period totalled EUR 0.0 million  
(EUR 0.0 million). The reported financial income consisted mainly of interest on
fixed-term deposits and exchange rate gains. Financial income and expenses      
totalled EUR 0.1 million (EUR 0.2 million).                                     

During January-March, Tectia reported a positive cash flow of EUR 0.1 million   
(EUR -0.6 million) from business operations, and investments showed a negative  
cash flow of EUR 0.0 million (EUR 8.6 million). Cash flow from financing totaled
EUR -1.9 million (EUR -8.5 million), mainly consisting of capital returned to   
shareholders and investments to short-term financial assets. Total cash flow    
from operations, investments and financing was negative EUR 1.8 million (EUR    
-0.5 million) during the period.                                                

RESEARCH AND DEVELOPMENT                                                        

Research and development expenses for January-March totaled EUR 0.5 million (EUR
0.7 million), the equivalent of 22.7 percent of net sales (35.7 percent). During
the report period Tectia did not capitalize any research and development        
expenses.                                                                       

HUMAN RESOURCES AND ORGANIZATION                                                

At the end of March, the Group had 65 employees on its payroll, down by 3 from  
the previous year, a decrease of 4 percent.                                     

At the end of the period, 40 percent of the employees worked in R&D, 40 percent 
in sales and marketing, and 20 percent in corporate administration.             

BOARD AND AUDITORS                                                              

The Annual General Meeting (AGM) on March 4, 2009 elected Juhani Harvela, Pyry  
Lautsuo, Juho Lipsanen, Juha Mikkonen, Tiia Tuovinen and Tatu Ylönen to the     
Board of Directors. Juho Lipsanen was elected as a chairman of the board.       

The AGM elected KPMG Oy, authorized public accountants, as the company's auditor
for financial period 2010, with Kirsi Jantunen, authorized public accountant,   
acting as the principal auditor.                                                

SHARES, SHAREHOLDING AND CHANGES IN GROUP STRUCTURE                             

The reported trading volume of Tectia Corporation shares totaled 1 628 893      
(valued at EUR 1 366 148). The highest quotation was EUR 0.98 and the lowest EUR
0.76 The trade-weighted average share price for the period was EUR 0,84 and the 
share closed at EUR 0,84(March 31, 2010).                                       

Company's principal owner Tatu Ylönen holdings directly and through his company,
Tatu Ylönen Oy, holds now 48.7 percent of the company's shares, Assetman Oy     
holds 13.4 percent and Tero Kivinen 4.9 percent. More information about the     
shareholding can be obtained from the company´s web site.                       

SSH Management Investment Corp is now fourth largest owner holding 4.8 of the   
company and it is part of the Tectia Group due to shareholder agreement.        

During reporting period was established a subsidiary Tectia Limited in Hong Kong
owned by 100% by Tectia Corporation No other changes occurred in Tectia group   
structure.                                                                      

SHARE CAPITAL AND BOARD AUTHORIZATIONS                                          

The company's registered share capital on March 31, 2010 was EUR 896,953.47     
consisting of 29,898,449 shares. During the reporting period there was no change
to share capital.                                                               

The Annual General Meeting approved the Board of Directors' proposal to         
authorize the Board of Directors to decide upon the issuing of in total         
5,500,000 shares, in one or more tranches, as share issues against payment or by
giving stock options or other special rights entitling to shares, as defined in 
Chapter 10 Section 1 of the Finnish Companies Act, either in accordance with the
shareholders' pre-emptive right to share subscription or deviating from this    
right. The authorization will be valid until the next Annual General Meeting,   
but will expire on June 30th 2011 at the latest.                                

The Annual General Meeting approved the Board of Directors' proposal to         
authorize the Board of Directors to decide upon the acquiring of a maximum of   
2,000,000 of the company's own shares, in one or more tranches, with assets     
belonging to the company's free equity. This amount corresponds approximately to
6.69 per cent of all shares of the company. The compensation to be paid for the 
acquired shares shall be determined on the date of acquisition on the basis of  
the trading rate determined for the company's share in a public trading arranged
by NASDAQ OMX Helsinki Ltd. Furthermore, the Annual General Meeting decided to  
authorize the Board of Directors to decide upon a distress concerning a maximum 
of 1,500,000 own shares, in one or more tranches. The amount corresponds        
approximately to 5.02 per cent of all shares of the company. The authorization  
to acquire the shares and the authorization concerning the distress shall be    
valid at most for eighteen (18) months after the decision of the Annual General 
Meeting.                                                                        


DIVIDEND AND OTHER DISTRIBUTION OF ASSETS                                       

The Annual General Meeting decided upon the distribution of assets from the     
invested non-restricted equity fund to the shareholders in such a way that      
assets would be distributed 0.05 euro per share. The amount distributed was in  
total 1,494,922.45 euro. The return of equity was paid to the shareholders who  
on the record date on March 8th 2009 were registered in the shareholders'       
register of the company held by Euroclear Finland Oy. The payment date was March
15th 2009.                                                                      

Furthermore, the Annual General Meeting decided to lower the subscription price 
of the shares, which can be subscribed on the basis of the option plans released
by the company between years 2000-2002, with an amount corresponding to the     
distribution of assets, i.e. 0.05 euro per each option right. The subscription  
price of the shares shall, however, always have at least the same value as the  
par value.                                                                      


REPORTING                                                                       

This interim report follows IAS 34 (Interim Financial Reporting) accounting     
standard. The same accounting principles have been used in the financial        
statements for 2009. The figures are non-audited.                               


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| INCOME STATEMENT                           |          |           |          |
--------------------------------------------------------------------------------
| EUR million                                |          |           |          |
--------------------------------------------------------------------------------
|     |                                      |      1-3 |       1-3 |     1-12 |
|     |                                      |    /2010 |     /2009 |    /2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|     | Net sales                            |      2.3 |       1.9 |      8.8 |
--------------------------------------------------------------------------------
|     | Cost of goods sold                   |     -0.1 |       0.0 |     -0.1 |
--------------------------------------------------------------------------------
|     | Gross profit                         |      2.3 |       1.9 |      8.7 |
--------------------------------------------------------------------------------
|     | Other operating income               |      0.0 |       0.0 |      0.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|     | Product development expenses         |     -0.5 |      -0.9 |     -3.8 |
--------------------------------------------------------------------------------
|     | Sales, marketing and customer        |     -1.2 |      -1.1 |     -4.3 |
|     | support costs                        |          |           |          |
--------------------------------------------------------------------------------
|     | Administrative expenses	             |     -0.6 |      -0.6 |     -2.3 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|     | Operating profit/loss	               |      0.0 |      -0.8 |     -1.5 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|     | Financial income and expenses        |      0.1 |       0.2 |      0.3 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|     | Profit/loss before taxes             |      0.0 |      -0.6 |     -1.2 |
--------------------------------------------------------------------------------
|     | Taxes                                |      0.0 |       0.0 |      0.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|     | Net profit/loss for the period       |      0.0 |      -0.6 |     -1.2 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|     | Other profit and loss account items: |          |           |          |
--------------------------------------------------------------------------------
|     | Foreign subsidiary translation       |     -0.1 |      -0.1 |     -0.1 |
|     | differences                          |          |           |          |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|     | Total comprehensive income           |     -0.1 |      -0.7 |     -1.3 |
--------------------------------------------------------------------------------

This interim report also complies with the year 2010 renewed IFRS 3 and IAS 27  
standards.                                                                      


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| EARNINGS PER SHARE            |                                              |
--------------------------------------------------------------------------------
|                               |        |   1-3/ |   1-3/ |   1-12/ |         |
|                               |        |   2010 |   2009 |    2009 |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share (EUR)      |        |   0.00 |  -0.02 |   -0.04 |         |
--------------------------------------------------------------------------------
| Earnings per share, diluted   |        |   0.00 |  -0.02 |   -0.04 |         |
| (EUR)                         |        |        |        |         |         |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------


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| BALANCE SHEET                        |            |            |             |
--------------------------------------------------------------------------------
| EUR million                          |            |            |             |
--------------------------------------------------------------------------------
|    |                                 | 31/03/2010 | 31/03/2009 |  31/12/2009 |
--------------------------------------------------------------------------------
|    | ASSETS                          |            |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|    | Non-current assets              |            |            |             |
--------------------------------------------------------------------------------
|    |   Tangible assets               |        0.3 |        0.3 |         0.2 |
--------------------------------------------------------------------------------
|    |   Intangible assets	            |        0.0 |        0.0 |         0.0 |
--------------------------------------------------------------------------------
|    |   Investments                   |        0.0 |        0.0 |         0.0 |
--------------------------------------------------------------------------------
|    | Total non-current assets        |        0.4 |        0.3 |         0.3 |
--------------------------------------------------------------------------------
|    |                                 |            |            |             |
--------------------------------------------------------------------------------
|    | Current assets                  |            |            |             |
--------------------------------------------------------------------------------
|    |   Trade and other receivables   |        1.6 |        1.6 |         2.7 |
--------------------------------------------------------------------------------
|    |   Short-term financial assets   |        3.0 |        6.0 |         2.5 |
--------------------------------------------------------------------------------
|    |   Cash and cash equivalents     |        2.1 |        1.5 |         3.9 |
--------------------------------------------------------------------------------
|    | Total current assets            |        6.8 |        9.0 |         9.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|    | Total assets                    |        7.1 |        9.3 |         9.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|    | LIABILITIES AND SHAREHOLDERS'   |            |            |             |
|    | EQUITY                          |            |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|    | Shareholders' equity            |        2.8 |        5.3 |         4.4 |
--------------------------------------------------------------------------------
|    | Non-current liabilities         |            |            |             |
--------------------------------------------------------------------------------
|    |   Provisions                    |        0.2 |        0.0 |         0.1 |
--------------------------------------------------------------------------------
|    |   Non-current interest-bearing  |        0.0 |        0.1 |        0.0  |
|    |   liabilities                   |            |            |             |
--------------------------------------------------------------------------------
|    | Total long-term liabilities     |        0.1 |        0.1 |         0.0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|    | Current liabilities             |        4.0 |        3.9 |         4.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|    | Total equity and liabilities    |        7.1 |        9.3 |         9.4 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

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| CASH FLOW STATEMENT                  |            |            |             |
--------------------------------------------------------------------------------
| EUR million                          |   1-3/2010 |   1-3/2009 |   1-12/2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|    | Cash flow from business         |        0.1 |       -0.6 |        -2.4 |
|    | operations                      |            |            |             |
--------------------------------------------------------------------------------
|    | Cash flow from investments      |        0.0 |        8.6 |        12.0 |
--------------------------------------------------------------------------------
|    | Cash flow from financing        |       -1.8 |       -8.5 |        -7.7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|    | Increase(+) / decrease (-) in   |       -1.8 |       -0.5 |         1.9 |
|    | cash                            |            |            |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|    | Cash at period start            |        3.9 |        2.0 |         2.0 |
--------------------------------------------------------------------------------
|    | Adjustment for translation      |        0.0 |        0.0 |         0.0 |
|    | difference                      |            |            |             |
--------------------------------------------------------------------------------
|    | Cash at period end              |        2.1 |        1.5 |         3.9 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| STATEMENT ON CHANGES IN   |       |       |           |             |        |
| SHAREHOLDERS' EQUITY      |       |       |           |             |        |
--------------------------------------------------------------------------------
| EUR       | Share | Share |  Fair | Trans |  Fund for | Unrestricte |  Total |
| million   | Capi- | Premi | value | -lati |       own |    d equity |        |
|           |   tal |  -um  | reser |    on |    shares |   funds and |        |
|           |       |       |  -ves | diff. |           |    retained |        |
|           |       |       |       |       |           |    earnings |        |
--------------------------------------------------------------------------------
| Sharehold |   0.9 |   0.0 |   0.1 |  -0.9 |           |        14.4 |   14.5 |
| ers'      |       |       |       |       |           |             |        |
| equity    |       |       |       |       |           |             |        |
| Jan, 1.   |       |       |       |       |           |             |        |
| 2009      |       |       |       |       |           |             |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Change    |   0.0 |   0.0 |   0.0 |  -0.1 |           |        -8.5 |        |
--------------------------------------------------------------------------------
| Net       |       |       |       |       |           |        -0.6 |        |
| profit    |       |       |       |       |           |             |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sharehold |   0.9 |   0.0 |   0.1 |  -1.0 |           |         5.3 |    5.3 |
| ers'      |       |       |       |       |           |             |        |
| equity    |       |       |       |       |           |             |        |
| Mar, 31.  |       |       |       |       |           |             |        |
| 2009      |       |       |       |       |           |             |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Change    |   0.0 |   0.0 |   0.0 |   0.0 |       0.0 |         0.0 |        |
--------------------------------------------------------------------------------
| Net       |       |       |       |       |           |         0.2 |        |
| profit    |       |       |       |       |           |             |        |
--------------------------------------------------------------------------------
| Managemen |       |       |       |       |      -1.1 |             |        |
| t         |       |       |       |       |           |             |        |
| Incentive |       |       |       |       |           |             |        |
| plan      |       |       |       |       |           |             |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sharehold |   0.9 |   0.0 |   0.1 |  -1.0 |      -1.1 |         5.5 |    4.4 |
| ers'      |       |       |       |       |           |             |        |
| equity    |       |       |       |       |           |             |        |
| Dec, 31.  |       |       |       |       |           |             |        |
| 2009      |       |       |       |       |           |             |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Change    |   0.0 |   0.0 |   0.0 |  -0.1 |       0.1 |        -1.5 |        |
--------------------------------------------------------------------------------
| Net       |       |       |       |       |           |         0.0 |        |
| profit    |       |       |       |       |           |             |        |
--------------------------------------------------------------------------------
| Managemen |       |       |       |       |           |         0.0 |        |
| t         |       |       |       |       |           |             |        |
| Incentive |       |       |       |       |           |             |        |
| plan      |       |       |       |       |           |             |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Sharehold |   0.9 |   0.0 |   0.1 |  -1.1 |      -1.0 |         4.0 |    2.8 |
| ers'      |       |       |       |       |           |             |        |
| equity    |       |       |       |       |           |             |        |
| Mar, 31.  |       |       |       |       |           |             |        |
| 2010      |       |       |       |       |           |             |        |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| NET SALES BY SEGMENT             |             |              |              |
--------------------------------------------------------------------------------
| EUR million                      |        1-3/ |         1-3/ |        1-12/ |
|                                  |        2010 |         2009 |         2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| AMER                             |         1.7 |          1.2 |          5,5 |
--------------------------------------------------------------------------------
| APAC                             |         0.2 |          0.2 |          0,8 |
--------------------------------------------------------------------------------
| EMEA                             |         0.4 |          0.4 |          2,5 |
--------------------------------------------------------------------------------
| Tectia Group total               |         2.3 |          1.9 |          8,8 |
--------------------------------------------------------------------------------

--------------------------------------------------------------------------------
| OPERATING PROFIT/LOSS BY SEGMENT |             |              |              |
--------------------------------------------------------------------------------
| EUR million                      |        1-3/ |         1-3/ |        1-12/ |
|                                  |        2010 |         2009 |         2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| AMER                             |         1.1 |          0.4 |          2.5 |
--------------------------------------------------------------------------------
| APAC                             |         0.1 |          0.1 |          0.5 |
--------------------------------------------------------------------------------
| EMEA                             |         0.0 |          0.1 |          1.1 |
--------------------------------------------------------------------------------
| Common Group expenses*           |        -1.3 |         -1.4 |         -5.5 |
--------------------------------------------------------------------------------
| Tectia Group total               |         0.0 |         -0.8 |         -1.5 |
--------------------------------------------------------------------------------


* Common Group expenses include Group administration expenses (e.g. management  
and finance) and product management and R&D expenses for corporate headquarters.


--------------------------------------------------------------------------------
| KEY FIGURES AND RATIOS           |             |           |            |    |
--------------------------------------------------------------------------------
| EUR million                      |    1-3/2010 |  1-3/2009 |       1-12/2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales                        |         2.3 |       1.9 |             8.8 |
--------------------------------------------------------------------------------
| Operating profit/loss	           |         0.0 |      -0.8 |            -1.5 |
--------------------------------------------------------------------------------
| Operating profit/loss, as % of   |        -1.8 |     -40.7 |           -16.9 |
| net sales                        |             |           |                 |
--------------------------------------------------------------------------------
| Profit/loss before extraordinary |         0.0 |      -0.6 |            -0.3 |
| items and taxes                  |             |           |                 |
--------------------------------------------------------------------------------
| Profit/loss before extraordinary |         0.8 |     -30.0 |            -2.9 |
| items and taxes, as % of net     |             |           |                 |
| sales                            |             |           |                 |
--------------------------------------------------------------------------------
| Profit/loss before taxes         |         0.0 |      -0.6 |            -1.2 |
--------------------------------------------------------------------------------
| Profit/loss before taxes, as     |         0.8 |     -30.0 |           -13.3 |
| % of net sales                   |             |           |                 |
--------------------------------------------------------------------------------
| Return on investment (%)         |         0.0 |     -21.8 |           -10.8 |
--------------------------------------------------------------------------------
| Return on equity (%)             |         0.0 |     -22.5 |           -12.4 |
--------------------------------------------------------------------------------
| Interest-bearing net liabilities |        -5.1 |      -7.4 |            -6.4 |
--------------------------------------------------------------------------------
| Equity ratio (%)                 |        66.3 |      81.7 |            71.4 |
--------------------------------------------------------------------------------
| Gearing (%)                      |      -179.8 |    -139.2 |          -144.2 |
--------------------------------------------------------------------------------
| Gross capital expenditure        |         0.0 |       0.0 |             0.1 |
--------------------------------------------------------------------------------
|   % of net sales                 |         0.0 |       0.0 |             1.3 |
--------------------------------------------------------------------------------
| R&D expenses                     |         0.5 |       0.7 |             2.8 |
--------------------------------------------------------------------------------
|   % of net sales                 |       23.7% |     35.7% |           31.6% |
--------------------------------------------------------------------------------
| Personnel, period average        |          64 |        69 |              66 |
--------------------------------------------------------------------------------
| Personnel, period end            |          65 |        68 |              64 |
--------------------------------------------------------------------------------



--------------------------------------------------------------------------------
| PER-SHARE DATA                    |               |             |            |
--------------------------------------------------------------------------------
| EUR                               |      1-3/2010 |    1-3/2009 |   -12/2009 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share, undiluted     |          0.00 |       -0.02 |      -0.04 |
--------------------------------------------------------------------------------
| Earnings per share, diluted       |          0.00 |       -0.02 |      -0.04 |
--------------------------------------------------------------------------------
| Equity per share                  |          0.10 |        0.18 |       0.15 |
--------------------------------------------------------------------------------
| No. of shares at period end       |        29 898 |      28 652 |     29 898 |
| (thousand)                        |               |             |            |
--------------------------------------------------------------------------------
| Share performance                 |               |             |            |
--------------------------------------------------------------------------------
|   Average price                   |          0.84 |        1.01 |       0.79 |
--------------------------------------------------------------------------------
|   Low                             |          0.76 |        0.72 |       0.65 |
--------------------------------------------------------------------------------
|   High                            |          0.98 |        1.24 |       1.24 |
--------------------------------------------------------------------------------
| Share price, period end           |          0.84 |        0.73 |       0.77 |
--------------------------------------------------------------------------------
| Market capitalization, period end |          25.1 |        20.9 |       23.0 |
| (EUR million)                     |               |             |            |
--------------------------------------------------------------------------------
| Volume of shares traded (million) |           1.6 |         1.2 |        5.1 |
--------------------------------------------------------------------------------
| Volume of shares traded, as       |           5.4 |         4.1 |       17.0 |
| % of                              |               |             |            |
| total                             |               |             |            |
--------------------------------------------------------------------------------
| Value of shares traded (EUR       |           1.4 |         1.2 |        4.0 |
| million)                          |               |             |            |
--------------------------------------------------------------------------------
| Price-to-earnings ratio (P/E)     |             - |           - |         -  |
--------------------------------------------------------------------------------


--------------------------------------------------------------------------------
| CONTINGENT LIABILITIES             |              |             |            |
--------------------------------------------------------------------------------
| EUR million                        |     1-3/2010 |    1-3/2009 |  1-12/2009 |
--------------------------------------------------------------------------------
| Rent security deposits             |          0.1 |         0.0 |        0.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Leasing commitments outside        |              |             |            |
| the balance sheet                  |              |             |            |
--------------------------------------------------------------------------------
|   Maturing within 1 year           |          0.4 |         0.7 |        0.6 |
--------------------------------------------------------------------------------
|   Maturing between 1 and 5 years   |          1.0 |         0.4 |        1.1 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------

DISCLAIMER                                                                      

The content in this report is provided by Tectia Corporation ("Tectia") and its 
third party content providers for your personal information only, and does not  
constitute an offer or invitation to purchase any securities. Nor does it       
provide any form of advice (investment, tax, legal) amounting to investment     
advice, or make any recommendations regarding particular investments or         
products. Tectia does not provide investment advice or recommendations to buy or
sell its shares or the shares of others. If you are interested in investing in  
Tectia, please contact your financial adviser for further details and           
information. Past performance of Tectia shares is not indicative of future      
results. EXCEPT AS PROVIDED BY APPLICABLE COMPULSORY LAW TECTIA EXPRESSLY       
DISCLAIMS ALL WARRANTIES, EXPRESSED OR IMPLIED, AS TO THE AVAILABILITY, ACCURACY
OR RELIABILITY OF ANY OF THE CONTENT PROVIDED, OR AS TO THE FITNESS OF THE      
INFORMATION FOR ANY PURPOSE.                                                    


Tectia Corporation will release its next interim report and financial statements
for January 1st-June 30th, 2010 in 21st of July 2010. Further information will  
be available on the company's website in due course.