Issue of shares to Symphony Technology Group as consideration for subscription guarantee

Issue of shares to Symphony Technology Group as consideration for subscription
guarantee

On the basis of the authorization granted by the annual general meeting, the
board of directors of Teleca has resolved to issue shares to Symphony Technology
Group as consideration for the subscription guarantee issued by Symphony in
connection with the recently completed rights issue. 

Pursuant to the resolution, 612,870 new class B shares are issued to Symphony,
whereby set-off is made against Symphony's claim for consideration of SEK
6,000,000 under the relevant subscription guarantee agreement. The subscription
price corresponds to SEK 9.79 per share and has been determined in accordance
with the subscription guarantee agreement and the general meeting's
authorization.


Teleca is a world-leading supplier of software services to major players of the
mobile device industry. The company offers tailored solutions, systems design
and the integration of software and hardware for mobile phones. Teleca has about
2,000 employees in 11 countries in Asia, Europe and North America and is quoted
on the small cap list of the Nordic Exchange.