Teleca implements its offer to the shareholders of AU-System Shareholders holding more than 90% of the shares in AU-Syst

Teleca implements its offer to the shareholders of AU-System Shareholders holding more than 90% of the shares in AU-System have accepted the offer Teleca's public offer to the shareholders and holders of warrants issued by AU-System has been accepted to such an extent that Teleca controls more than 90 percent of the shares in AU-System 1) . More detailed information about the acceptance of the offer will be made public on January 28, 2002 after counting has been finalised. All the conditions for implementing the offer stated in the prospectus have been met. The Board of Directors of Teleca has therefore decided to implement the offer. Nick Stammers and Tomas Franzén, CEO of Teleca and AU-System, respectively, comment: "The merger is industrially sound and the two companies complement each other in an excellent way. We are very happy to see that a clear majority of the shareholders are positive to the merger. We will immediately initiate a forceful program aimed at increasing sales of the combined service offering to our broad international customer base in order to increase the combined utilisation rate. In addition, the industrial logic of the merger entails increased focus on outsourcing as well as cost savings through lower shared costs. The business units will remain intact, which minimises the risks of turning focus on internal matters instead of on generating new business". Teleca has decided to extend the acceptance period up to and including February 6, 2002 to allow those shareholders who have not yet accepted the offer to do so. After the end of the extended acceptance period Teleca intends to initiate compulsory purchase of the remaining minority shares in AU-System. For those who have accepted Teleca's offer during the ordinary acceptance period, settlement is expected to begin on or about February 6, 2002. For those who accept the offer during the extended acceptance period, settlement is expected to begin on or about February 18, 2002. Malmö, January 25, 2002 Teleca AB (publ) The Board of Directors For further information please contact: · Mr. Nick Stammers, CEO of Teleca, tel +44 7768 32 35 35 · Mr. Tomas Franzén, CEO of AU-System, tel +46 70 576 32 05 About Teleca Teleca is a world-class supplier of software engineering services for advanced systems, electronic equipment and applications. 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, working in partnership with development-intensive companies world-wide. Teleca is listed on the O-list of the Stockholm Exchange. We have more than 1,200 employees and development offices throughout Europe (www.teleca.com). About the new group The merger between Teleca and AU-System will create one of Europe's largest high-end consulting groups focused on new technology and R&D with a strong presence in the Nordic region, UK and France. Teleca and AU-System complement each other in terms of service offerings, client base and geographical reach Before as well as after dilution ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/01/25/20020125BIT00720/bit0001.DOC http://www.waymaker.net/bitonline/2002/01/25/20020125BIT00720/bit0001.pdf