CayTel 1 L.P. holds approximately 93.5% of the shares and 93.9% of the votes in Teleca AB (publ)

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in, the United States of America, Australia, Canada, Japan, New Zealand or South Africa, or any other jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law. This press release has been announced in Swedish and English. In the event of any discrepancy, the Swedish language version shall prevail

CayTel 1 L.P. (“CayTel”), a wholly owned subsidiary of Symphony Technology Group LLC, announced on October 31, 2008 a public offer to the shareholders of Teleca AB (publ) (“Teleca”) in accordance with the rules on mandatory bids (the “Offer”).

During the extended acceptance period, from January 14, 2009 up until (and including) January 16, 2009, the Offer was accepted by holders of 4,120,539 B-shares in Teleca, representing approximately 5.4% of the shares and 5.1% of the votes in Teleca. As a result, the Offer has been accepted by holders of in aggregate 33,459,915 B-shares in Teleca, representing approximately 43.5% of the shares and 41.2% of the votes in Teleca. During the extended acceptance period, CayTel has also acquired 29,928 B-shares outside the Offer representing 0.04% of the shares and 0.04% of the votes in Teleca.[1]

CayTel’s total holding of Teleca shares, including shares tendered to the Offer and shares acquired other than through the Offer, therefore amounts to 475,555 A-shares and 71,388,988 B-shares in Teleca, representing approximately 93.5% of the shares and 93.9% of the votes in Teleca.

Payment of the Offer consideration to the shareholders who have accepted the Offer during the extended acceptance period is expected to commence on or around January 21, 2009.

As previously announced, CayTel intends to act in favour of a de-listing of Teleca as well as to initiate a squeeze-out procedure in respect of the Teleca shares not tendered to the Offer. CayTel may also acquire additional Teleca shares on the market.

CayTel has decided not to further extend the acceptance period of the Offer.

The offer document, as well as the supplement to the offer document, in Swedish and English and other information concerning the Offer are published on www.carnegie.se and www.SymphonyTG.com.


For further information contact:

John Treadwell, Principal

Symphony Technology Group

Tel +1-650-935-9529

www.SymphonyTG.com

[1] These shares have been acquired at a price not exceeding the Offer consideration of SEK 3.25 per share.