Telelogic completes the financing of the Continuus acquisition

Telelogic completes the financing of the Continuus acquisition MALMÖ, Sweden, December 29, 2000 - Telelogic AB (Stockholm Stock Exchange: TLOG), the world-leading supplier of solutions for real-time software development, configuration management and requirements management, today announced the successful completion of the financing of the Continuus acquisition. Lehman Brothers International (Europe) acted for Telelogic in the execution of this transaction. Telelogic will issue 9,200,000 new shares in early January, representing 6.3% of the fully diluted share capital. The shares will be delivered to Lehman Brothers for transfer to investors and for return to the shareholders that have lent shares to Lehman Brothers for this transaction. About Telelogic Telelogic is established in thirteen countries under its own name, and a further 20 countries through distributors. It leads the market in development environments for advanced software, especially in real-time applications. By offering high quality graphical development tools and related services, Telelogic makes the development of software more rapid, less labor intensive, and more reliable. The company has a global client base, including all the top 10 communication suppliers such as Alcatel, Cisco, Ericsson, Hewlett-Packard, Lucent, Motorola, NEC, Nokia, Nortel Networks and Siemens, as well as a number of leading suppliers within automotive and aerospace. The software market is moving towards more visual programming methods, and Telelogic leads in the production of the next generation of development tools in this area. Telelogic is well prepared to deliver rapid and complete solutions for the complex challenges faced by the real-time industry. For more information about Telelogic, please visit Contacts: Anders Lidbeck Catharina Sundelin President & CEO Director of Information & Investor Relations Telelogic AB Telelogic AB Phone: +46 40-17 Phone: +46 40-17 47 47 00 30 Fax: +46 40-17 47 Fax: +46 40-17 47 47 47 E-mail: E-mail: anders.lidbeck@tele catharina.sundelin@te ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download:

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Telelogic is a leading global provider of solutions for advanced systems and software development. Telelogic's intuitive, best-in-class software tools automate and support best practices throughout the development lifecycle, leaving development teams free to concentrate on core competencies and apply their skills and energy to value-added tasks. By optimizing each phase of development, Telelogic enables companies to deliver higher quality systems and software with greater predictability, reduced time-to-market and lower overall costs. To ensure interoperability with third-party tools, Telelogic's products are built on an open architecture and standardized languages.