New chairman for Teleca

New chairman for Teleca Peter Sandberg has informed Teleca of his decision to resign from the board of directors. The board has chosen Konstantin Caliacmanis, a member of Teleca's board since 1996 and one of the company's largest shareholders, as the new chairman. The intention is that Dan Olofsson, who is currently the acting CEO of Teleca, will resume his position as chairman as soon as a new CEO has been appointed and that Konstantin Caliacmanis will then become deputy chairman. "Bearing in mind the legal proceedings launched against me and the company's need for a good working atmosphere, I have decided to leave the board of Teleca. I've had the privilege of working on behalf of the boards of both AU-System and Teleca for almost 5 years. It's been very stimulating being involved in such a period of rapid business development and turbulent market conditions that have seen Teleca become one of the world's leading company's in its field. I'd like to wish my colleagues among the management and on the board good luck in the continuing work to build an even stronger Teleca," says Peter Sandberg. "Peter Sandberg has been an active member of the board and, among other things, one of the initiators of the successful merger between Teleca and AU-System. I regret but at the same time respect his decision to leave the board of Teleca," says Dan Olofsson, acting CEO of Teleca. For more information, contact: · Konstantin Caliacmanis, chairman, Teleca AB, mobile +46 70 582 56 56 · Dan Olofsson, acting CEO, 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, the company 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/2004/03/19/20040319BIT00870/wkr0001.doc http://www.waymaker.net/bitonline/2004/03/19/20040319BIT00870/wkr0002.pdf

About Us

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.