Report from the Annual General Meeting of Teleca AB (publ) on May 6, 2003

Report from the Annual General Meeting of Teleca AB (publ) on May 6, 2003 Teleca's Annual General Meeting on May 6, 2003 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 0.75 per share. The record date will be Friday May 9, 2003. The dividend is expected to be paid from the Swedish Securities Register Center (VPC) on May 14, 2003. 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. Börje Bengtsson, responsible for IT Solutions & Services at Bure Equity AB, was newly elected to the Board. The board fee was fixed at SEK 700,000, to be distributed among the Board members. Authorisation of the Board to resolve on new issues of shares The 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 the financing of acquisitions. For more information, contact: · Nick Stammers, CEO, Teleca AB, +44-7768 32 35 35 · Johannes Rudbeck, Investor Relation Manager, Teleca AB, +46-70 582 5656 Teleca is an international consulting company developing and applying advanced technology. The company's business concept is to strengthen the customers' market position and time to market. Teleca builds and integrates solutions for technology and software intensive customers worldwide. Core values are honesty, reliability and hard work. The company has more than 2,500 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/2003/05/06/20030506BIT01320/wkr0001.doc http://www.waymaker.net/bitonline/2003/05/06/20030506BIT01320/wkr0002.pdf