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TRANSCOM REPORTS REVENUES UP 31% TO E266.0 MILLION WITH PRE TAX PROFITS UP BY 34% TO E11.9 MILLION

TRANSCOM REPORTS REVENUES UP 31% TO E266.0 MILLION WITH PRE TAX PROFITS UP BY 34% TO E11.9 MILLION

Luxembourg, October 20, 2004 - Transcom WorldWide S.A. ('Transcom') (Stockholmsbörsen: TWWA, TWWB), the European Outsourcing specialist, today announced its financial results for the nine months ended September 30, 2004.

NINE MONTHS HIGHLIGHTS

- Net sales up 31% to E266.0m (E203.0m)
- Net income increases 26% to E7.3m (E5.8m)
- EPS before dilution increases to E0.10 (E0.08)
- Pre-tax profit up 34% to E11.9m (E8.9m)
- External sales up over 62% to E66.2m
- Transcom opened its fifth call centre in Spain in Q3

For additional information, please see attached release.

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For further information please contact:

Keith Russell, President and CEO
+352 27 755 000

Alex Dee, Investor & Press enquiries
+44 20 7321 5010

Transcom WorldWide is a rapidly expanding Customer Relationship Management (CRM) solution provider, with 41 service centres employing more than 9,400 people delivering services to 23 countries - Luxembourg, Sweden, France, Denmark, Germany, Finland, Italy, Switzerland, Belgium, Hungary, Norway, the Netherlands, Spain, Austria, Morocco, Poland, Portugal, Estonia, Latvia, Lithuania, Serbia, Montenegro 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 communication; telemarketing and outbound; Administrative Tasks; Web servicing; CRM Consultancy Service; Contract Automation; Credit Management Service; and Legal Services. 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.

This press release contains certain "forward-looking statements" with respect to our expectations and plans, strategy, management's objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that our actual results in the future could differ materially from those anticipated in forward-looking statements depending on various important factors.

All forward-looking statements in this press release are based on information available to us on the date hereof. All written or oral forward-looking statements attributable to Transcom WorldWide, any Transcom WorldWide members or persons acting on our behalf are expressly qualified in their entirety by the factors referred to above. We do not intend to update these forward-looking statements.

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