Teligent AB

Teligent AB (STO:TGNT) As reported earlier, Teligent has applied for a Company reorganisation. The Board has in connection with this prepared a balance sheet for liquidation purposes, which shows that the equity of the Company is below 50% of the registered share capital. At a Board meeting held 7 August 2008, the Board decided to hold a so called first extraordinary shareholders' meeting according to the Company Act rules on forced liquidation.

Teligent AB On 9 July, Teligent AB applied for a company reorganisation in accordance with the statutory regulation regarding company reorganisations. As a consequence of the reorganisation, two of our major projects have been cancelled by our customers.

Teligent AB Necessary financing unsecured - Teligent to undertake a reconstruction

Teligent AB On 22 July, the Board of Directors resolved to sell Trio Enterprise. The transaction entails that interest-bearing liabilities will decrease by MSEK 66.9.

Teligent AB Teligent has during 2008 implemented a number of activities to create prerequisites for profitability. The major loss making projects has been renegotiated with the purpose to limit Teligents future commitments and create a positive cash flow. These renegotiations has been successful and critical to Teligents survival

Teligent AB The renegotiation of the last major difficult project is now finalized. The agreement gives positive effect on both cash flow and profitability. The new agreement is a prerequisite to continued discussions on financing of Teligent. Management now believes there is a good possibility to secure long term financing.

Teligent AB The board announces today that financing discussions regarding Teligent is still ongoing. Earlier the board judged these discussions to be ended during May. Previously the Company announced that we were still negotiating the final agreement on one of our major difficult projects. This negotiation has taken longer than anticipated, but a conclusion is expected shortly. Management judge, that a conclusion of this negotiation is a prerequisite to find a long term solution to Teligent financing.