The Board of Directors of Teleca evaluates the Symphony offer

Press release
3 November 2008


The Board of Directors of Teleca evaluates the Symphony offer

CayTel 1 L.P. (“CayTel”), a wholly owned subsidiary of Symphony Technology Group
LLC (“STG”), announced on 31 October 2008 a cash offer for Teleca AB (publ)
(“Teleca”) pursuant to the mandatory bid rules (the “Offer”). CayTel offers SEK
3.25 in cash per share in Teleca.

The Board now evaluates the Offer and, in accordance with applicable stock
exchange rules, will publish its recommendation to the Teleca shareholders as
soon as possible. For purposes of its evaluation of the Offer, the board will
obtain a so-called fairness opinion.

The Chairman of the Board, Chet Kamat, and the board member John Treadwell, who
are both acting for STG in the Offer, will not participate in the board's
handling of or resolutions regarding the Offer.

The Board has engaged Vinge as its legal advisers in connection with the Offer.

For further information, please contact:
René Svendsen-Tune, CEO (+45 40 54 00 68) 
Johan Vunderink, Member of Teleca Board of Directors (+31 653 789 981).

Teleca is required under the Securities Markets Act to make the information in
this press release public. The information was submitted for publication at 9:00
CET on 3 November 2008.


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 9 countries in Asia, Europe and North America and is quoted
on the small cap list of the Nordic Exchange.