Report from the Annual General Meeting of Teleca AB (publ) on May 6, 2002

Report from the Annual General Meeting of Teleca AB (publ) on May 6, 2002 Teleca's Annual General Meeting on May 6, 2002 adopted the parent company's and the group's accounts. It further discharged the Board of Directors and the CEO from liability. The CEO, Nick Stammers, commented on the group's operations and the interim report, which was distributed earlier during the day. Dividend The Annual General Meeting voted to approve the Board's proposed dividend of SEK 0.70 per share. The record date will be Friday May 10, 2002. The dividend is expected to be paid from the Swedish Securities Register Center (VPC) on May 15, 2002. Board of Directors Dan Olofsson, Konstantin Caliacmanis, Bengt Halse, Göran Larsson, Gunder Lilius, Peter Sandberg and Johan Vunderink were re-elected to the Board of Directors. The board fee was fixed at SEK 600,000, to be distributed among the Board members enligt styrelsen eget bestämmande. Amendments of the Articles of Association The Annual General Meeting adopted the Board's proposed amendments of the Articles of Association: § 6.1 is amended so that the Board of Directors shall comprise not less than three and not more than eight members with up to two deputies. In § 8 the following is added as a new paragraph: "General Meetings may be held in Malmö, Stockholm or Gothenburg." Authorisation of the Board to resolve on new issues of sharesThe Board was authorised to resolve on new issues of up to a total of 4,500,000 Series B shares and to deviate from the shareholders' pre-emptive rights. The purpose of the authorisation is to facilitate acquisitions with payment fully or partly in Teleca shares and to facilitate increased institutional ownership in the Company. Employee Stock Option Programme The Annual General Meeting resolved upon a stock option programme offering warrants to employees within the Teleca group. The warrants give the right to subscribe for new Series B shares during the period 1 June - 31 August 2005. The subscription price shall be SEK 60, which corresponds to 135 % of the average last paid price for the Series B share in the Company during the period 8 April - 3 May 2002. The offer to the employees will be made during May 2002. The price for the warrants shall correspond to the market price of the warrants calculated in accordance with the Black & Scholes formula. All employees in the Teleca Group are guaranteed 300 warrants per person. The option programme consists of a total of 700,000 warrants with the right to subscribe for 700,000 new Series B shares. For more information, please contact: Nick Stammers, CEO Teleca AB, phone +44 7768 32 35 35 Thomas Pantzar, Executive Vice President Teleca AB, phone +46 31 744 80 10, +46 703 79 18 30 Joachim Jaginder, CFO Teleca AB, phone +46 8 579 116 01, +46 706 69 76 64 Dan Olofsson, Chairman Teleca AB, phone +46 40 665 90 00 About Teleca Teleca is one of Europe's leading consulting companies in new technology and R&D. Our business concept is to strengthen our customer's market position and time-to-market. This is achieved by providing professional teams with specialist technical expertise to work in partnership with development- intensive companies all over the world. The Group has more than 2,200 employees in 13 countries. It occupies a strong position in the Nordic countries, the UK and France. Teleca is listed on Stockholmsbörsen's Attract40. 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/2002/05/06/20020506BIT01160/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/06/20020506BIT01160/wkr0002.pdf