TIE Holding N.V. ("TIE") hereby announces that several members of the management of TIE and other staff members invest in TIE.
In June 2008, TIE completed the financial restructuring, including the investment of several management members in TIE. Subsequently, other staff members and two third party investors have indicated last year to be willing to express their commitment and trust in the Company by investing in TIE. Also, some management members have indicated in an early stage to be interested to perform a second investment. J.B. Sundelin, CEO of the Company performs an additional investment amounting to EUR 26.5k. Additionally, P.P. van Schaick, member of the Supervisory Board of TIE participates in the investment plan for an amount of EUR 69.5k, through Alto Imaging Group N.V. With this participation, P.P. van Schaick still holds <30% of the total number of share in issue.

Management, the third party investors and staff members of TIE will invest EUR 324,000 in TIE in total. The proceeds will be used to meet the obligations resulting from the acquisition of 51% of the shares in MamboFive B.V. These obligations, to the previous shareholders of MamboFive B.V. amount to EUR 300k (plus interest) and are due on March 1, 2009.

TIE will issue a ten year Convertible Bond to each of these investors, with a one year lock-up and at a conversion price of EUR 0,10.
Additionally, the Company has decided to grant the investing management members, third part investors and staff members options to acquire shares in the Company. Based upon a Stock Option Plan 2009, the Company shall grant a total of 3,005,000 options to the investors. The stock options will be granted at a strike price of EUR 0,10, which is the closing price of the TIE stock on February 23, 2009. The options are conditional, have a vesting period of one year and a full term of ten years. J.B. Sundelin, CEO of the Company receives 265,000 options. Members of the the Supervisory Board will not receive any options.

" We are content that additional members of the staff are willing to show their dedication and believe in the Company by means of a investment in TIE" says Jan Sundelin, the CEO of TIE. "This proves that the vision of the management and the acquisition of MamboFive is widely supported by the staff members. Upon the expression of commitment and trust in TIE of the investors, the Company has decided to grant stock options in return."

The Company has also decided to grant the employees of TIE France 50,000 options under the annual Employee options plan, for they did not yet receive any options under the plan executed at the end of financial year 2008. On November 11, 2008 the Company acquired a 100% interest in TIE France.