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Teleca’s focused strategy completed; Teleca Systems to be quoted on stock exchange

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Teleca is planning to quote Teleca Systems on the OMX Stockholm Stock Exchange. The listing is expected to take place at the beginning of 2007 by means of a distribution to Teleca’s existing shareholders.

Teleca has recently presented a strategy that focuses on mobile technology and reorganised itself into three new divisions: Teleca Mobile, Teleca Systems and Benima, with the intention of streamlining each division and finding new long-term ownership solutions for Benima and Teleca Systems Benima was recently sold to ÅF. Teleca is now planning to quote Teleca Systems on the OMX Stockholm Stock Exchange by means of a distribution to Teleca’s existing shareholders. The listing preparations are already under way, and Teleca estimates that the distribution can take place at the beginning of 2007. Teleca Systems will become one of the larger IT services companies on the OMX Stockholm Stock Exchange. Preliminary net revenue for 2005 was SEK 1,245 million and operating earnings (EBIT) SEK 89 million. Teleca Systems had 1,265 employees at the end of 2005. Dan Olofsson, Chairman of Teleca comments: “There is a considerable potential in Teleca Systems and the company is expected to become one of the leading IT consultants on the OMX Stockholm Stock Exchange. A few years ago Teleca distributed Sigma to its shareholders, which in our opinion has had good operational effects. Teleca Mobile is a focused global business. Teleca’s focus on Teleca Mobile creates an excellent platform for interesting developments in the next few years.” Örjan Frid, currently division manager, and future CEO of Teleca Systems, comments: “An individual listing creates positive development opportunities for Teleca Systems through a more distinct profile and better focus. The organisation is very committed, and we are working very hard to clarify and further develop the quality-focused operations of Teleca Systems.” For more information please contact: - Dan Olofsson, Chairman of the Board, Teleca AB, +46-406659000 - Örjan Frid, division manager Teleca Systems, mobile: 0705 611615 - Christian Luiga, CFO, Teleca AB, mobile: +46-703751604

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