Teleca: Teleca's Rights Issue: Full Proposal Adopted

-- Rights issue of approximately SEK 152 million

-- Subscription price of SEK 11 -- Issue ratio of 2:9 (9 old shares entitle to 2 new shares)

-- Subscription period 1-18 April 2008 -- Fully guaranteed by Symphony Technology Group

-- Extraordinary shareholders' meeting on 7 March 2008

Following its announcement on 12 February 2008, the board of directors of Teleca (STO:TELCB) has now adopted its full proposal regarding the rights issue.

Nine existing shares will entitle the shareholders to subscribe for two new Teleca shares of the same class at SEK 11 per share.

The board has convened an extraordinary shareholders' meeting to be held on 7 March 2008. The formal notice of the extraordinary shareholders' meeting will be made public today.

Symphony Technology Group now owns 15.3 per cent of the share capital of Teleca and is Teleca's largest shareholder. Symphony has undertaken to subscribe for its pro rata share of the rights issue and to subscribe for any remaining shares not taken up by others.

Thus, the rights issue will be fully subscribed, meaning that approximately 13.9 million new shares will be issued for a total consideration of approximately SEK 152 million.

Timetable:

7 March 2008 Extraordinary shareholders' meeting to resolve on the rights issue

25 March 2008 First day of trading in the Teleca share excluding right to participate in the rights issue

27 March 2008 Record day for participation in the rights issue, i.e. shareholders registered in the share register of Teleca as of this day will receive subscription rights for participation in the issue

1-15 April 2008 Trading in subscription rights

1-18 April 2008 Subscription period

A prospectus containing full terms and conditions and information regarding Teleca will be made public and distributed to the shareholders before the commencement of the subscription period.

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 more than 2,000 employees in 11 countries in Asia, Europe and North America and is quoted on the small cap list of the Nordic Exchange

This press release does not constitute an offer of any securities of Teleca. The rights issue is not directed towards shareholders or other investors in the United States of America, Canada, Japan or Australia or other countries where participation would require further prospectuses, registration or other measures than those pursuant to Swedish law. No shares, interim shares, subscription rights or other securities of Teleca have been or will be registered under the United States Securities Act of 1933, under the securities laws of any state of the United States or under any province law in Canada. There-fore, no new shares, interim shares, subscription rights or other securities of Teleca may be offered or sold, renounced, taken up or delivered in the United States or Canada except pursuant to an exemption from registration.

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