Proposal regarding new board members and chairman of the board of Teleca

Press release February 26, 2008

Proposal regarding new board members and chairman of the board of Teleca

Teleca AB (publ) announces that Teleca's nomination committee, having discussed
the matter with Teleca's new largest shareholder Symphony Technology Group
(STG), proposes two new board members to be elected at the extraordinary
shareholders' meeting on March 7, 2008.

According to the proposal, Teleca's board would consist of six members (instead
of earlier seven) plus any employee representatives. The new candidates, whose
term of office would run until the close of the next annual general meeting, are
Chet Kamat and John Tristan (J.T.) Treadwell, both representing Symphony
Technology Group. Mr Kamat is proposed to be elected new chairman of the board.

The current chairman of the board, Dan Olofsson, who has served on the Teleca
board since 1987, the current vice chairman, Konstantin Caliacmanis, who has
been a member of the board since 1996, and Göran Larsson, who has been a member
of the board since 1993, have already declared that they will resign from the
board as a consequence of Danir AB and Mr Caliacmanis having sold all of their
shares in Teleca.

Following election of Mr Kamat and Mr Treadwell in accordance with the above
proposal, Teleca‘s board of directors would consist of Chet Kamat (chairman),
J.T. Treadwell, Thomas Isaksson, Johan Vunderink, Juha Christensen, Anders
Torstensson, Lars Andersson (employee representative) and Hasse Olsson (employee
representative).

Background information on the proposed new board members: 

Chet Kamat
Chet Kamat joined Symphony Technology Group in September 2006. As Managing
Partner, India; Chet is responsible for the transformation and operations of
STG's portfolio companies with a particular emphasis on their use of global
service models. Chet has over 20 years of experience covering areas such as
strategic and operational consulting, global service delivery models and large
scale business operations. 

Prior to STG, Chet worked as the CEO of a retail financial services start-up and
at Accenture. Joining Accenture in 1986, Chet worked across Accenture locations
in India, United States, Sweden, Hungary and the Philippines across a variety of
business consulting and large scale systems integration engagements. In his last
role at Accenture, Chet was Managing Partner of Accenture's India Delivery
Centre Network which he was responsible for establishing from scratch and
growing to a 13,000 strong unit serving over 200 global clients. Chet obtained
his Masters in Computer Science from the University of Bombay and an MBA from
the Indian Institute of Management at Ahmedabad.

John Tristan (J.T.) Treadwell 
J.T. is a Principal with the Symphony Technology Group, where he has helped lead
and manage Symphony's investments in Information Resources Inc. (IRI), Intentia
/ Lawson (NASDAQ: LWSN) and GERS Retail Systems. J.T. has been a part of the
Symphony Investment team since 2003.

J.T. joined Symphony from Qiva, a global logistics software company where he was
Director of Marketing, and Director of Strategic Planning. Prior to Qiva, J.T.
was the associate for the west coast enterprise software and services practice
at Bessemer Venture Partners, helping create investments in companies like
Worldchain, Nistevo, and Trigo (Acquired by IBM), where he served on the Board
of Directors. Prior to Bessemer, J.T. was a consultant at The Boston Consulting
Group where he helped drive numerous strategic marketing and business
development projects for clients in technology, consumer goods, and finance. He
holds dual Bachelor of Arts degrees in Ethics, Politics, & Economics and History
from Yale University.


For more information, please contact.
Christian Luiga, CFO, Teleca AB, mobile +46-703751604
Mattias Stenberg, Investor Relations Manager, Teleca AB, mobile +46-706119616


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.