Telelogic AB Announces Successful Completion of Subsequent Offer Period

Telelogic AB Announces Successful Completion of Subsequent Offer Period More than 90% of Continuus' issued and outstanding shares validly tendered Malmo, Sweden, December 6, 2000 - Telelogic AB (Stockholm Stock Exchange: TLOG) and Continuus Software Corporation (NASDAQ: CNSW) jointly announced today the expiration of the subsequent offering period to the previously announced cash tender offer by a wholly owned subsidiary of Telelogic AB to purchase all outstanding shares of common stock, par value $0.001 per share, of Continuus Software Corporation, at a price of $3.46 per share, net to the seller in cash, without interest thereon. The subsequent offering period to the tender offer expired, as scheduled, at 5:00 p.m., New York City time, on Tuesday, December 5, 2000. As of the expiration of the subsequent offering period to the tender offer, based on information provided by the depositary for the tender offer, approximately 10,056,265 shares, representing approximately 90.66% of Continuus Software Corporation's issued and outstanding shares of common stock, were validly tendered. An additional 33,000 shares of common stock were tendered pursuant to Notices of Guaranteed Delivery. Pursuant to the terms of the offer, Telelogic AB has accepted for payment, and will promptly pay for, all shares of common stock validly tendered in the offer. Telelogic AB will acquire the remaining outstanding shares of Continuus Software Corporation common stock pursuant to a merger of its wholly owned merger subsidiary with and into Continuus Software Corporation. No further action is required by the remaining stockholders of Continuus Software Corporation to effect the merger. As a result of the merger, the remaining outstanding shares of Continuus Software Corporation common stock (except for shares held by Continuus Software Corporation, Telelogic AB or any of its subsidiaries, or by shareholders exercising dissenters' rights under Delaware law, if available) will be converted into the right to receive $3.46 in cash, without interest, and Continuus Software Corporation will thereby become a wholly owned subsidiary of Telelogic AB. About Telelogic Telelogic is established in thirteen countries under its own name, and a further 20 countries through distributors. It leads the market in development environments for advanced software, especially in real-time applications. By offering high quality graphical development tools and related services, Telelogic makes the development of software more rapid, less labor intensive, and more reliable. The company has a global client base, including all the top 10 communication suppliers such as Alcatel, Cisco, Ericsson, Fujitsu, Hewlett-Packard, Lucent, Motorola, NEC, Nokia, Nortel Networks and Siemens, as well as a number of leading suppliers within automotive and aerospace. The software market is moving towards more visual programming methods, and Telelogic leads in the production of the next generation of development tools, in this area. Telelogic is well prepared to deliver rapid and complete solutions for the complex challenges faced by the real-time industry. For more information about Telelogic, please visit www.telelogic.com. Contacts: Anders Lidbeck Catharina Sundelin CEO & President Director of Information & Investor Relations Telelogic AB Telelogic AB Phone: +46 40-17 47 00 Phone: +46 40-17 47 30 Fax: +46 40-17 47 47 Fax: +46 40-17 47 47 E-mail: E-mail: anders.lidbeck@telelogic. catharina.sundelin@telelogi com c.com ### Telelogic and Telelogic Tau are trademarks of Telelogic. All other products are the trademarks, service marks, or registered trademarks of their respective holders. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/12/06/20001206BIT00700/bit0001.doc http://www.bit.se/bitonline/2000/12/06/20001206BIT00700/bit0002.pdf