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TRANSCOM REPORTS REVENUES UP 33% TO E175.6 MILLION WITH NET INCOME UP BY 29% TO E4.9 MILLION

TRANSCOM REPORTS REVENUES UP 33% TO E175.6 MILLION WITH NET INCOME UP BY 29% TO E4.9 MILLION

Luxembourg, August 4, 2004 - Transcom WorldWide S.A. ('Transcom') (Stockholmsbörsen: TWWA, TWWB), the European Outsourcing specialist, today announced its financial results for the six months ended June 30, 2004.

SIX MONTH HIGHLIGHTS

- Net sales up 33% to E175.6m (E132.2m)
- Net income increases 29% to E4.9m (E3.8m)
- EPS before dilution increases to E0.07 (E0.06)
- Operating Income up 20% to E7.8m (E6.5m)
- External sales up over 67% to E44.5m
- Acquisition of remaining 25% of Gestel

For additional information, please see attached release.

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Transcom WorldWide is a rapidly expanding Customer Relationship Management (CRM) solution provider, with 40 service centres employing more than 9,000 people delivering services to 21 countries - Luxembourg, Sweden, France, Denmark, Germany, Finland, Italy, Switzerland, Belgium, Hungary, Norway, the Netherlands, Spain, Austria, Morocco, Poland, Portugal, 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 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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