Offer Document Made Public in Relation to the Recommended Cash Offer to the Shareholders of Telelogic

This Offer is not being made nor will any tender of shares be accepted
from or on behalf of holders in any jurisdiction in which the making of
the Offer or the acceptance of any tender of shares therein would not be
made in compliance with laws of such jurisdiction. The Offer is not
being made, directly or indirectly, in or intoAustralia, Canada, Japan
or South Africa. The Offer is being treated in the United States as one
to which the “Tier II” exemption mentioned in Rule 14d-1(d) under the
U.S. Securities Exchange Act of 1934 is applicable. The press release
has been published in Swedish and English. In the event that there are
any differences between the language versions, the Swedish version shall
prevail.

Press release
July 2, 2007


International Business Machines Corporation (“IBM”), through its
indirect wholly-owned subsidiary Watchtower AB (“Watchtower”)
(previously Goldcup D 2933 AB), a Swedish private limited liability
company, announced on June 11, 2007 a recommended public cash offer to
the holders of all issued and outstanding shares in Telelogic AB (publ)
(“Telelogic”), to tender all Telelogic shares to Watchtower (the
“Offer”). The Offer has been unanimously recommended by the Board of
Directors of Telelogic.

Today Watchtower publishes an offer document in relation to the Offer.
The offer document is available in English and Swedish at www.ibm.com/
software/rational/welcome/telelogic/, at www.telelogic.com and at
www.nordea.se/placera.

The offer document and acceptance form will be distributed to
shareholders in Telelogic whose holdings are registered in their own
names with the Swedish Central Securities Depository.

The acceptance period of the Offer commences on July 5, 2007 and expires
on August 2, 2007.

For further information, please contact:
Karen Lilla
IBM Media Relations
+1-617-693-8115
karen_lilla@us.ibm.com

Kory Liss
IBM Investor Relations
+1-914-499-4095
kory@us.ibm.com

Catharina Paulcén
Telelogic EVP Corporate Communications
+46 40 17 47 30
catharina.paulcen@telelogic.com

Nordea Bank AB (publ)
+46 8 678 04 80