English

Transcom issues one million 'A' shares to Kinnevik AB

DISCLOSURE OF SUBSTANTIAL SHAREHOLDING

TRANSCOM ISSUES ONE MILLION 'A' SHARES TO KINNEVIK AB

Transcom WorldWide S.A., the European CRM specialist, today announced
that it has issued 1,000,000 Transcom class 'A' shares to
Industriförvaltnings AB Kinnevik at SEK 18.8 per share. The share issue
ensures that the current exercise of options under the Transcom share
option scheme will not result in the number of Transcom class 'B' shares
exceeding the number of Transcom class 'A' shares. Luxembourg company
law requires that the number of issued and outstanding 'A' shares
exceeds the number of issued and outstanding 'B' shares. The price of
SEK 18.80 per share was based on the closing price on 3 September 2003.
The share issuance announced today will conclude the requirements to
issue shares as required under the old option programme.

For further information please contact:
Keith Russell, President and CEO +352 27 755 000
Dwayne Taylor, Investor & Press Enquiries +44 20 7321 5010

Transcom WorldWide is a rapidly expanding Customer Relationship
Management (CRM) solution provider, with 34 centers employing more than
7,800 people delivering services to 18 countries - Luxembourg, Sweden,
France, Denmark, Germany, Finland, Italy, Switzerland, Norway, the
Netherlands, Spain, Austria, Morocco, Poland, Estonia, Latvia, Lithuania
and the UK.

The company provides CRM solutions for companies in a wide range of
industry sectors, including telecommunications and e-commerce, travel &
tourism, retail, financial services and utilities. Transcom offers
clients a broad array of relationship management services, including
inbound and outbound call handling, Interactive Voice Response, Internet
Services, e-mail processing and fax broadcast. Client programs are
tailor-made and range from single applications to complex programs,
which are offered on a country-specific or international basis in up to
38 languages.

Transcom WorldWide S.A.'A' and 'B' shares are listed on the
Stockholmsbörsen O-List under the symbols TWWA and TWWB.




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