Stockholm, Sweden - 14 October 2011 At the extraordinary general meeting on 7 April 2011, it was decided that Transmode at the annual general meeting 2012 shall have a nomination committee consisting of four members, one to be appointed by each of the three shareholders controlling the greatest number of votes and the chairman of the Board of Directors. Transmode's nomination committee for the 2012 Annual General Meeting consists of Tom Nyman (POD Venture Partners AB), Olle Nordström (Amadeus Capital Partners Ltd.), Mats Andersson (Nordeas fonder) and Kent Sander (chairman of the Board of Directors at Transmode Holding AB). The nomination committee's task is to present proposals to the Annual General Meeting for Chairman of the Annual General Meeting, Chairman of the Board of Directors, members of the Board of Directors and auditors, as well as fees and other remuneration to each member of the board and any remuneration for committee work and audit fees. Furthermore, the nomination committee shall make a proposal for nomination procedure for the nomination committee for the annual general meeting 2013. Shareholders wishing to make proposals to the nomination committee can do so by e-mail to NominationCommittee@transmode.com . At the first meeting of the Nomination Committee the Chairman of the Nomination Committee will be appointed and contact details will be posted on Transmode's website. The information in this announcement is required to be disclosed by Transmode Holding AB under the Swedish Securities Markets Act (Sw. lagen om värdepappersmarknaden). This information was released for publication at 09:00 AM CEST on 14 October 2011. For more information please contact: Ola Elmeland Vice President Marketing & Communications Transmode Systems AB Telephone: +46 8 506 882 71 Email:ola.elmeland@transmode.com About Transmode Transmode is a global provider of packet-optical networking solutions that enable fixed line and mobile network operators to cost effectively address the capacity needs created by the rapid growth in video and data traffic. These solutions are important building blocks in next-generation high-speed optical networks that support services such as broadband backhaul, mobile data backhaul, video delivery services and cloud computing. Transmode's solutions are based onWavelength Division Multiplexing (WDM) and packet optical transport technologies, which are designed to increase the capacity, flexibility and functionality of optical metro core and metro access networks. Transmode's Intelligent WDM (iWDM(TM)) approach gives key advantages to customers, such as ultra-low latency, low power consumption and innovative network design. Transmode is headquartered in Stockholm, Sweden and is listed on the NASDAQ OMX Stockholm Exchange (TRMO). Since 2000 the company has installed more than 20,000 systems for over 300 fixed and mobile network operators, service providers, large enterprises and public institutions in over 40 countries across the globe. For additional information about Transmode, please visit www.transmode.com. [HUG#1554875]