The board of directors of Teleca appoints financial advisers

CayTel 1 L.P. (“CayTel”), a wholly owned subsidiary of Symphony Technology Group LLC (“STG”), announced on 31 October 2008 a cash offer for Teleca AB (publ) (“Teleca”) pursuant to the mandatory bid rules (the “Offer”). CayTel offers SEK 3.25 in cash per share in Teleca.

Today the board has resolved to appoint Handelsbanken Capital Markets as its financial advisers and has instructed Handelsbanken Capital Markets to issue a so-called fairness opinion.

The chairman of the board, Chet Kamat, and the board member John Treadwell, who are both acting for STG in the Offer, have not participated in the board’s resolution.


For further information, please contact:
René Svendsen-Tune, CEO (+45 40 54 00 68)
Johan Vunderink, Member of Teleca Board of Directors (+31 653 789 981).

Teleca is required under the Securities Markets Act to make the information in this press release public. The information was submitted for publication at 9:00 CET on 7 November 2008.