TRANSCOM’S CFO, AÏSSA AZZOUZI, WILL LEAVE THE COMPANY

TRANSCOM’S CFO, AÏSSA AZZOUZI, WILL LEAVE THE COMPANY

Luxembourg, 1 March 2012 – Transcom announced today that the company’s CFO,
Aïssa Azzouzi, has decided to leave the company. Mr Azzouzi has, on the CEO’s
request, accepted to stay in his current role until a new CFO has been
appointed, and thereafter continue with the company in a consulting capacity
until end of December 2012.

“Transcom is currently co-locating some central Group functions to Stockholm,
Sweden. Mr Azzouzi has decided that this is a good time for him to leave the
company. I would like to thank Mr Azzouzi for his dedication and important
contribution to developing Transcom and leading the company’s finance function
over the past two years. I am also pleased that he will stay on to facilitate a
smooth transition to the next CFO, and to oversee a number of important
projects”, commented Johan Eriksson, CEO of Transcom.

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For further information, please contact:

Johan Eriksson, President and CEO                                              
   +46 70 776 80 22

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