Telelogic signs $1.6 Million Deal with BAE Systems Australia Ltd

Three year deal grants customer access to Telelogic’s complete range of products

MALMÖ, Sweden – November 15, 2004 – Telelogic (Stockholm Exchange/TLOG), the leading global provider of solutions for advanced systems and software development, today announced that BAE Systems Australia Limited has entered into an agreement with Telelogic for the provision of Telelogic tools and services. The initial period of the agreement is three years from 1 January 2005 with further options for BAE Systems to extend it to the end of 2014. The value of the agreement for the initial three year period is US$ 1.6 million. “This agreement strengthens our long-term relationship with BAE Systems even further,” said Anders Lidbeck, President and CEO for Telelogic. “BAE Systems has been a Telelogic customer for many years and like many other leading companies in this market BAE has to build increasingly complex systems to the highest safety and quality standards. We are very proud that they have chosen Telelogics application lifecycle solution for meeting these challenges.”