Nomination Committee

The shareholder Symphony Technology Group has proposed that the Annual General Meeting of shareholders 2008 assigns the chairman of the board of directors to, based on the share ownership at the end of September 2008, convene a nomination committee composed by the chairman of the board of directors and a representative from each of the four largest shareholders in the company in terms of voting power. The names of the members of the nomination committee shall be published in the interim report for the third quarter. The nomination committee shall propose a new board of directors to be elected at the annual general meeting 2009 as well as the fees to the board of directors. The nomination committee shall remain until the next nomination committee has been appointed. Should a member of the nomination committee cease to represent one of the largest shareholders in the company or resign, the nomination committee shall be entitled to replace such member with another representative of the largest shareholders.

About the Nomination Committee

The nomination committee represents the company’s shareholders. Its task is to present as sound a proposal as possible for decision by the Annual General Meeting on the appointment of the Board and auditors and on their remuneration among other things. The Nominating Committee is responsible for identifying, screening and recommending candidates to the Board. The Committee will consider director candidates nominated by shareholders. Nominees for director are selected on the basis of for example experience, knowledge, skill, expertise, integrity, understanding of Teleca’s business environment and willingness to devote adequate time and effort to the Board.

The nomination committee is appointed by the Annual General Meeting. The composition of the nomination committee shall be announced not later than six months prior to the Annual General Meeting. At the same time, the company website will publish information on how shareholders can submit proposals to the nomination committee. The proposals of the nomination committee are also presented in the Notice of the Annual General Meeting and on the company website.