Dag Sundström appointed new president and CEO of the Teleca group

Dag Sundström appointed new president and CEO of the Teleca group Teleca's board of directors has chosen Dag Sundström to be the new president and CEO of the Teleca group from 1 July 2004. Dag Sundström, 49, who holds master's degrees in engineering and economics, has been running his own business for the past 3 years, before which he was employed by IBM and McKinsey & Company. His career at McKinsey led him to become a director. Among other things, Dag has managed large projects for technically oriented industrial groups in the fields of telecommunications and aeronautics. He also has extensive experience of managing advanced consulting organisations. Dan Olofsson, acting CEO of Teleca, comments: "Dag has well-honed analytical abilities and a down-to-earth style and is both a good listener and a good team builder. He also has experience from large international technology projects. The board is very pleased to welcome Dag to Teleca and is convinced that his experience together with his leadership abilities and ambitions will contribute to Teleca's continued development." Dag Sundström comments: "Teleca is a company staffed by highly qualified people with world- leading expertise in several exciting areas of technology. It's a great privilege to be part of this and be able to help Teleca develop its large potential." A picture of Dan Sundström can be downloaded from the attached link: http://www.newsonline.nu/imgway/index.asp?pmid=40086 For more information please contact: · Dan Olofsson, acting president and CEO, Teleca AB, mobile: +46 70 379 23 20 · Dag Sundström, mobile: +46 70 511 64 58 · Johannes Rudbeck, Investor Relations Manager, Teleca AB, mobile: +46 70 582 56 56 Teleca is an international IT services company focused on R&D that develops and integrates advanced software and information technology solutions. With in-depth expertise in the latest technology and profound industrial knowledge, Teleca helps technology- and software-intensive customers worldwide to strengthen their market position and shorten their time to market. The company has more than 2,700 employees with operations in 15 countries in Asia, Europe and USA. Teleca is quoted on the Attract40 list of Stockholmsbörsen (Stockholm stock exchange). www.teleca.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/05/27/20040527BIT00100/bild.html Pictures http://www.waymaker.net/bitonline/2004/05/27/20040527BIT00100/wkr0002.pdf

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Teleca is a world-leading expert and supplier of software services for all industries where mobile and wireless solutions are used. We offer world class operations and execution capability, both on-site and offshore. Teleca’s technology experts help the leaders and innovators of the connected devices industries deliver products and services that add new dimensions to the networked community. Our unmatched mobile software solutions, global reach and engineering experience enable you to realize your products and visions. In essence, we help the industry offer users great mobile experiences using turnkey, cost effective solutions with faster time to market. We are increasingly using Open Source Software components and software created by our strategic partner network to make our offerings even more comprehensive – and our customers ever more successful. Due to our unique position in the market place we are able to rapidly understand emerging market trends and needs and to proactively propose solutions to our customers. Telecas scale and global reach are unique. We support our customers wherever they are. Teleca has approximately 2,000 employees in 12 countries in Asia, Europe and North America. Teleca. Engineering mobile solutions.

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