COMPTEL CORPORATION STOCK EXCHANGE RELEASE 8 JANUARY 2009 AT 14.15 PM Comptel Corporation has today convened a meeting of the employee representatives in Finland for statutory personnel negotiations to address the possible reduction of personnel. The company estimates that the possible need for reduction applies to 50 persons at the maximum in Finland. The negotiations will start in January 2009 and are estimated to be completed during March 2009. Comptel Corporation has also requested its subsidiaries in Norway and United Kingdom to take actions for reducing cost. Both subsidiaries will make any decisions regarding the downsizing under the local legal requirements and collective agreements. In total, the Group aims at reaching annual cost savings of approximately EUR 7 million. For 2009 the company estimates cost savings of approximately EUR 2 million after one-off items. These measures are based on the earlier announced financial performance of the Comptel Group. In accordance with Comptel Corporation's stock exchange release of 26 November 2008, the growth of net sales and profitability in 2008 will remain lower than earlier expected. With the actions now started and with a reorganisation, the company aims at ensuring the Group's long-term profitability and competitiveness. COMPTEL CORPORATION Sami Erviö President and CEO Further information: Sami Erviö, President and CEO, tel. +358 9 700 1135 Distribution: NASDAQ OMX Helsinki Major media Comptel provides Dynamic OSS solutions, enabling telecom service providers to deliver services flexibly and charge them effectively. Comptel's expertise in inventory, provisioning and activation, mediation and charging empowers service providers to focus on delivering the innovative services. Comptel has provided solutions to 280 customers with 500 million subscribers in 85 countries. Net sales were EUR 82.4 million in 2007. Comptel was established in 1986 and has recently acquired an UK-based IP fulfillment specialist Axiom Systems. Following the acquisition the Group has about 630 employees in 18 countries. www.comptel.com