NOTICE OF ANNUAL GENERAL MEETING

NOTICE OF ANNUAL GENERAL MEETING Transcom WorldWide S.A. société anonyme Registered office: 75, route de Longwy L-8080 Bertrange Grand Duchy of Luxembourg R.C. Luxembourg: B-59.528 NOTICE IS HEREBY GIVEN that the ordinary general meeting of shareholders of TRANSCOM WORLDWIDE S.A. will be held at Château de Septfontaines, 330, rue de Rollingergrund, Luxembourg, Grand Duchy of Luxembourg at 3.00pm CET on May 27, 2003 to consider and vote by the Class A shares on the following resolutions: To receive the Management Report of the Board of Directors and the Report of the Auditors on the consolidated and parent company accounts at December 31, 2002 To approve the consolidated and parent company accounts for the year ended December 31, 2002 To allocate the result of the year ended December 31, 2002 To discharge the Board of Directors and the Auditors for the year ended December 31, 2002 To appoint the Directors To appoint the Auditors To determine the Directors' fees Miscellaneous Participation in the annual ordinary general meeting is reserved for shareholders who file notice of their intention to attend the meeting by mail and/or return a duly completed proxy form to the registered office of the Company at the following address: Transcom WorldWide SA, 75, route de Longwy, L-8080 Bertrange, Luxembourg, Telephone: +352 27 751 350, Fax: +352 27 751 311 by no later than 5.00 pm CET on Friday, May 23, 2003. Proxy forms for the meeting are available at the same address. Holders of Swedish Depository Receipts wishing to attend the meeting or send an authorized representative shall request a power of attorney from Fischer Partners Fondkommission AB, P.O., Box 16027, SE-103 21 Stockholm, Sweden, Telephone: +46 8 463 85 00, which must be sent to Transcom WorldWide SA, 75, route de Longwy, L-8080 Bertrange, Luxembourg, Telephone: +352 277 55 000, Fax: +352 277 55 500 no later than 5.00pm CET on Friday, May 23, 2003. Such holders of Swedish Depository Receipts who have registered their Swedish Depository Receipts in the name of a nominee must temporarily register the Swedish Depository Receipts in their own name in the records maintained by VPC AB in order to have a right to participate in the proceedings of the annual ordinary general meeting. Such registration must be completed no later than Friday, May 16, 2003. 9 May 2003 The Board of Directors For further information please contact: Keith Russell, President and CEO +352 27 755 000 Investor Enquiries +44 20 7321 5010 Transcom WorldWide is a rapidly expanding Customer Relationship Management (CRM) solution provider, with 33 centers employing more than 7,800 people delivering services to 17 countries - Luxembourg, Sweden, France, Denmark, Germany, Finland, Italy, Switzerland, Norway, the Netherlands, Spain, Austria, Morocco, Estonia, Latvia, Lithuania and the UK. The company provides CRM solutions for companies in a wide range of industry sectors, including telecommunications and e-commerce, travel & tourism, retail, financial services and utilities. Transcom offers clients a broad array of relationship management services, including inbound and outbound call handling, Interactive Voice Response, Internet Services, e-mail processing and fax broadcast. Client programs are tailor-made and range from single applications to complex programs, which are offered on a country-specific or international basis in up to 38 languages. Transcom WorldWide S.A.'A' and 'B' shares are listed on the NASDAQ National Market under the symbols TRCMA and TRCMB and on the Stockholmsbörsen O-List under the symbols TWWA and TWWB. This press release contains certain "forward-looking statements" with respect to our expectations and plans, strategy, management's objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that our actual results in the future could differ materially from those anticipated in forward- looking statements depending on various important factors. Please refer to the documents we have filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including our most recent annual report on Form 20-F, for a discussion of certain of these factors. All forward-looking statements in this press release are based on information available to us on the date hereof. All written or oral forward-looking statements attributable to Transcom WorldWide, any Transcom WorldWide members or persons acting on our behalf are expressly qualified in their entirety by the factors referred to above. We do not intend to update these forward-looking statements. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/05/08/20030508BIT01370/wkr0001.doc http://www.waymaker.net/bitonline/2003/05/08/20030508BIT01370/wkr0002.pdf