Telelogic AB Completes Cash Tender Offer for Continuus Software Corporation;

Telelogic AB Completes Cash Tender Offer for Continuus Software Corporation; Announces Subsequent Offering Period Malmo, Sweden - November 29, 2000 - Telelogic AB (Stockholm Stock Exchange: TLOG) announced today the completion of its $3.46 per share cash tender offer for all outstanding shares of common stock of Continuus Software Corporation (NASDAQ: CNSW). The tender offer expired at 12:00 midnight EST on Tuesday, November 28, 2000, at which time approximately 9,364,418 shares of Continuus Software Corporation common stock were validly tendered, including guaranteed deliveries. Payment for the shares of Continuus Software Corporation common stock tendered and not withdrawn as of the expiration date will be made promptly through Wells Fargo Shareowner Services, the depositary for the tender offer. After payment for the deposited shares, Telelogic AB will own approximately 84.6% of the total issued and outstanding shares of Continuus Software Corporation common stock. Telelogic AB also announced today that it will provide a subsequent offering period of five business days for the Continuus Software Corporation tender offer, which begins today at 9:00 a.m. EST and expires at 5:00 p.m. EST on Tuesday, December 5, 2000. During this subsequent offering period, shares of Continuus Software Corporation common stock will be accepted and promptly paid for as they are tendered. The same price paid during the initial offering is extended through the subsequent offering period: $3.46 per share, net to the seller in cash. Shares that are tendered during the subsequent offering period may not be withdrawn. Following the subsequent offering period, Telelogic intends to acquire the shares of Continuus Software Corporation that have not been tendered through a merger transaction in which the remaining shareholders of Continuus Software Corporation would receive the same amount of cash per share that they would have received in the offer, unless they perfect dissenters' rights. Therefore, for shareholders who do not perfect dissenters' rights, the only difference between tendering shares and not tendering shares is that shareholders who tender their shares prior to the expiration date of the subsequent offering period will be paid earlier. 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. Telelogic and Telelogic Tau are trademarks of Telelogic. All other products are the trademarks, service marks, or registered trademarks of their respective holders. Contacts: Anders Lidbeck Catharina Sundelin CEO & President Director of Information & InvestorRelations Telelogic AB Telelogic AB Phone: +46 40-17 47 00 Phone: +46 705-17 47 30 Fax: +46 40-17 47 47 Fax: +46 40-17 47 47 E-mail: anders.lidbeck@telelogic.com E-mail:catharina.sundelin@telelogic.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/11/29/20001129BIT00920/bit0001.doc http://www.bit.se/bitonline/2000/11/29/20001129BIT00920/bit0002.pdf