PROSPECTUS FOR TRANSCOM'S RIGHTS ISSUE MADE PUBLIC

PROSPECTUS FOR TRANSCOM'S RIGHTS ISSUE MADE PUBLIC

This press release may not be announced, published or disseminated, in
whole or in part, directly or indirectly, in the United States of
America, Canada, Japan, Hong Kong or Australia

Luxembourg, 25 November 2011 - The prospectus regarding Transcom's
rights issue has now been made public and is available on Transcom's
website, www.transcom.com, as well as on SEB's website,
www.seb.se/prospekt. The prospectus will be distributed by mail to
Transcom's directly registered share SDR holders.

For further information, please contact:

Stefan Pettersson, Head of Investor Relations             +46 70 776 80
88

IMPORTANT NOTICE

This press release is not an offer for subscription for shares or SDRs
in Transcom. A prospectus relating to the offering of new share SDRs
referred to in this press release and the subsequent listing of the SDRs
at NASDAQ OMX Stockholm will be prepared and filed with the Swedish
Financial Supervisory Authority. After approval and registration of the
prospectus by the Swedish Financial Supervisory Authority, the
prospectus will be published and made available on inter alia Transcom's
website, subject to certain customary limitations arising from
securities laws and regulations.

The distribution of this press release in certain jurisdictions may be
restricted by law and persons into whose possession it or any part of it
comes should inform themselves about and observe any such restrictions.
The information in this press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale
of the securities referred to herein in any jurisdiction in which such
offer, solicitation or sale would require preparation of further
prospectuses or other offer documentation, or be unlawful prior to
registration, exemption from registration or qualification under the
securities laws of any such jurisdiction.

This press release does not constitute or form part of an offer or
solicitation of an offer to purchase or subscribe for securities in the
United States. The securities referred to herein have not been and will
not be registered under the U.S. Securities Act of 1933, as amended (the
“Securities Act”), and may not be offered or sold in the United States
absent registration under the Securities Act or an exemption therefrom.
No public offering of the securities referred to herein is being made in
the United States. Copies of this announcement are not being, and may
not be, distributed or sent, in whole or in part, directly or
indirectly, into the United States, Australia, Canada, Hong Kong or
Japan.

SEB Enskilda is acting for the company and no one else in connection
with the rights issue and will not be responsible to anyone other than
the company for providing the protections afforded to their respective
clients or for providing advice in relation to the rights issue and/or
any other matter referred to in this announcement.

SEB Enskilda accepts no responsibility whatsoever and makes no
representation or warranty, express or implied, for the contents of this
announcement, including its accuracy, completeness or verification or
for any other statement made or purported to be made by it, or on its
behalf, in connection with the company and the new shares or SDRs, or
the rights issue, and nothing in this announcement is, or shall be
relied upon as, a promise or representation in this respect, whether as
to the past or future. SEB Enskilda accordingly disclaims to the fullest
extent permitted by law all and any responsibility and liability whether
arising in tort, contract or otherwise which they might otherwise have
in respect of this announcement or any such statement.

This press release has not been approved by any regulatory authority.
This press release is not a prospectus and investors should not
subscribe for or purchase any securities referred to in this press
release except on the basis of information provided in the prospectus to
be published by Transcom on its website in due course.

European Economic Area

Transcom has not authorized any offer to the public of SDRs, shares or
rights, as applicable, in any Member State of the European Economic Area
other than Sweden. With respect to each Member State of the European
Economic Area other than Sweden and which has implemented the Prospectus
Directive (each, a “Relevant Member State”), no action has been
undertaken to date to make an offer to the public of SDRs, shares or
rights requiring a publication of a prospectus in any Relevant Member
State. As a result, the SDRs, shares or rights, as applicable, may only
be offered in Relevant Member States:

(a) to legal entities which are authorized or regulated to operate in
the financial markets or, if not so authorized or regulated, whose
corporate purpose is solely to invest in securities;

(b) to any legal entity meeting two or more of the following criteria:
(1) an average of at least 250 employees during the last financial year;
(2) a total balance sheet of more than EUR 43 million and (3) an annual
net turnover of more than EUR 50 million, as shown in its last annual or
consolidated accounts; or

(c) in any other circumstances, not requiring the company to publish a
prospectus as provide under Article 3(2) of the Prospectus Directive.

For the purposes hereof, the expression an “offer to the public of SDRs,
shares or rights, as applicable” in any Relevant Member State means the
communication in any form and by any means of sufficient information on
the terms of the offer and the SDRs, shares or rights, as applicable, to
be offered so as to enable an investor to decide to purchase any
securities, as the same may be varied in that Member State by any
measure implementing the Prospectus Directive in that Member State and
the expression “Prospectus Directive” means Directive 2003/71/EC and
includes any relevant implementing measure in each Relevant Member
State.

Grand Duchy of Luxembourg

This press release shall not be and shall not be considered as an
''offer of securities to the public'' for purposes of the Luxembourg law
on prospectuses for securities dated 10 July 2005.

United Kingdom

This communication is directed only at (i) persons who are outside the
United Kingdom and (ii) persons who have professional experience in
matters relating to investments falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(the “Order”) and (iii) to high net worth entities falling within
Article 49(2) (a) to (d) of the Order (all such persons together being
referred to as “relevant persons”). Any investment activity to which
this communication relates will only be available to and will only be
engaged with, relevant persons. Any person who is not a relevant person
should not act or rely on this document or any of its contents.

Forward-Looking Statements

This press release contains forward-looking statements that reflect
management's current views with respect to certain future events and
potential financial performance. Although Transcom believes that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will prove
to have been correct. Accordingly, results could differ materially from
those set out in the forward-looking statements as a result of various
factors. You are advised to read this announcement and, once available
the prospectus and the information incorporated by reference therein, in
their entirety for a further discussion of the factors that could affect
the Transcom's future performance and the industries in which it
operates. In light of these risks, uncertainties and assumptions, the
events described in the forward-looking statements in this announcement
may not occur.