TIE Holding N.V. (“TIE”) reports that it has published the Company’s 2010 Annual report on the Company's website www.TIEHolding.com. Additionally, the invitation for the annual shareholders meeting including the agenda and the explanatory notes thereto, will be published on the website today.

Total Income for the year amounts to € 11,013k (2009: € 11,190k), Operating Income amounts to €-1,386k (2009: € 759k) and Total Comprehensive Income net of tax amounts to € -1,765k (2009: € 540k). The net cash flow for 2010 from operating activities amounts to € ‑ 841k (2009: €568k), normalized for one-time expenses € 396k (2009: € 568k).

Reappointment Jan Sundelin
The Supervisory Board expresses its intention to reappoint Jan Sundelin as member of the Management Board of TIE Holding N.V.. The compensation policy for Jan Sundelin will not be amended.

General Meeting of Shareholders
TIE Holding N.V. invites all shareholders to attend the annual General Meeting of Shareholders, which will take place on Wednesday March 16th, 2011 at 10:00h in Hoofddorp. The agenda and the explanatory notes thereto, including the information regarding the reappointment of P.P. van Schaick as member of the Supervisory Board for an additional period of four years and the amendments of the Articles of Association, will be published of the Company’s website. All documents with regard to the annual shareholders meeting can also be obtained free of charge at the office of TIE Holding N.V., Antareslaan 22-24, 2132 JE, Hoofddorp, The Netherlands.

Currently, the number of outstanding shares and voting rights amounts to 82,201,804. The Company’s authorized share capital amounts to € 20 million, consisting of 200 million (2009: 200 million) ordinary shares with a nominal value of € 0.10 each.