Telelogic renews agreement worth E1.3 Million with leading European telecom vendor

Telelogic renews agreement worth E1.3 Million with leading European telecom vendor MALMÖ, Sweden - December 22, 2003 - Telelogic (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced systems and software development, today announced that a leading European telecom vendor has renewed a one-year agreement for Telelogic TAU® for the year 2004. The agreement is worth approximately E1.3 million for the one-year period. A majority of the contract is related to maintenance of the customer's existing licenses of TAU Generation1, but the agreement also includes new licenses for TAU Generation2. "The positive trend that TAU has seen during the last quarters, continues," said Anders Lidbeck, President and CEO for Telelogic. "Current users of TAU continue to renew maintenance agreements and gradually upgrade to TAU Generation2, a trend that has been visible since the second quarter this year. These users have already experienced the productivity and quality benefits that advanced development tools and automated development processes can provide." TAU Generation2, which is based on the UML® 2.0 standard, allows companies to deploy an integrated, multi-user visual tool solution that supports and accelerates the entire application development lifecycle - from system analysis and specification to software design, implementation and testing - all within the same development environment. Using models to visualize the development process, TAU Generation2 tools enable significant increases in productivity to be realized compared to labor-intensive manual programming approaches About Telelogic Founded in 1983, Telelogic® is a leading global provider of solutions for advanced systems and software development. Telelogic's intuitive, best-in-class software tools automate and support best practices throughout the application development lifecycle, leaving development teams free to concentrate on core competencies and apply their skills and energy to value-added tasks. By optimizing each phase of development, Telelogic enables companies to deliver higher quality systems and software with greater predictability, reduced time-to-market and lower overall costs. To ensure interoperability with third-party tools, Telelogic's products are built on an open architecture and standardized languages. As an industry leader and technology visionary, Telelogic is actively involved in shaping the future of advanced systems and software development by participating in industry organizations like ETSI, INCOSE, ITU-T, OMG and others. Headquartered in Malmö, Sweden with U.S. headquarters in Irvine, California, Telelogic has operations in 17 countries worldwide. Customers include Alcatel, BAE SYSTEMS, BMW, Boeing, DaimlerChrysler, Deutsche Bank, Ericsson, General Motors, Lockheed Martin, Motorola, NEC, Nokia, Philips, Siemens and Thales. For more information, please visit www.telelogic.com. Telelogic, Telelogic DOORS, Telelogic DocExpress and Telelogic TAU are the registered trademarks of Telelogic. Telelogic TAU Architect, Developer, Tester, SYNERGY and Active CM are trademarks of Telelogic. All other trademarks are the properties of respective holders. Contacts: Anders Lidbeck President and CEO Phone: +46 40 650 00 00 Fredrik Sjöholm Director Investor Relations Phone: +46 40 650 65 22 E-mail: fredrik.sjoholm telelogic.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/12/22/20031222BIT20420/wkr0001.pdf