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Teleca’s rights issue: full proposal adopted

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• Rights issue of approximately SEK 152 million
• Subscription price of SEK 11
• Issue ratio of 2:9 (9 old shares entitle to 2 new shares)
• Subscription period 1-18 April 2008
• Fully guaranteed by Symphony Technology Group
• Extraordinary shareholders’ meeting on 7 March 2008

Following its announcement on 12 February 2008, the board of directors of Teleca has now adopted its full proposal regarding the rights issue.

Nine existing shares will entitle the shareholders to subscribe for two new Teleca shares of the same class at SEK 11 per share.

The board has convened an extraordinary shareholders’ meeting to be held on 7 March 2008. The formal notice of the extraordinary shareholders’ meeting will be made public today.

Symphony Technology Group now owns 15.3 per cent of the share capital of Teleca and is Teleca’s largest shareholder. Symphony has undertaken to subscribe for its pro rata share of the rights issue and to subscribe for any remaining shares not taken up by others.

Thus, the rights issue will be fully subscribed, meaning that approximately 13.9 million new shares will be issued for a total consideration of approximately SEK 152 million.


Timetable:

7 March 2008
Extraordinary shareholders’ meeting to resolve on the rights issue

25 March 2008
First day of trading in the Teleca share excluding right to participate in the rights issue

27 March 2008
Record day for participation in the rights issue, i.e. shareholders registered in the share register of Teleca as of this day will receive subscription rights for participation in the issue

1-15 April 2008
Trading in subscription rights

1-18 April 2008
Subscription period

A prospectus containing full terms and conditions and information regarding Teleca will be made public and distributed to the shareholders before the commencement of the subscription period.


For more information, please contact.
Christian Luiga, CFO, Teleca AB, mobile +46-703751604
Mattias Stenberg, Investor Relations Manager, Teleca AB, mobile +46-706119616

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