Telelogic AB Completes Acquisition of Continuus Software Corporation

Telelogic AB Completes Acquisition of Continuus Software Corporation Malmo, Sweden: December 11, 2000 - Telelogic AB (Stockholm Stock Exchange: TLOG) announced today that it completed of its acquisition of Continuus Software Corporation by merging its acquisition subsidiary into Continuus Software Corporation. As a result of the merger, which became effective Friday, December 8, 2000, each outstanding share of Continuus Software Corporation common stock not owned by Telelogic AB was converted into the right to receive $3.46 in cash, without interest. Continuus Software Corporation ceased to be listed on NASDAQ as of the close of business on Friday, December 8, 2000. Continuus Software Corporation stockholders who hold their stock certificates will receive notice in the mail regarding the process to surrender their shares for cash. Continuus Software Corporation stockholders whose shares are held through banks or brokers will receive information about their holdings from those institutions. 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.com catharina.sundelin@telelogic.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/2000/12/11/20001211BIT00620/bit0001.doc http://www.bit.se/bitonline/2000/12/11/20001211BIT00620/bit0002.pdf