PE Funds Sell Transmode Shares

Three shareholders in global supplier of packet-optical networking solutions Transmode Holding AB have sold 2 500 000 shares, representing 9.2 % of the total number of outstanding shares and votes in the company. Amadeus General Partner Limited, HarbourVest International Private Equity Partners IV – Direct Fund L.P., and EEP Managers Ltd are selling the shares. Transmode’s largest shareholder, POD Venture Partners, has however not sold any shares and remains with an unchanged ownership of 34,1%.

PRESS RELEASE

Transmode Holding AB (publ), a global supplier of packet-optical networking solutions has been informed that three of its shareholders, Amadeus General Partner Limited, HarbourVest International Private Equity Partners IV – Direct Fund L.P., and EEP Managers Ltd, yesterday have sold in total 2 500 000 shares, representing 9.2 % of the total number of outstanding shares and votes in the company. Transmode’s largest shareholder, POD Venture Partners, has however not sold any shares and remains with an unchanged ownership of 34,1%.

The selling shareholders are three of the shareholders who undertook not to sell additional shares in the company for a period of six months from the listing. This lock-up period expired on November 27, 2011. Transmode has further been informed that the shares have been sold in a placing to institutional investors, and that Amadeus General Partner Limited, HarbourVest International Private Equity Partners IV – Direct Fund L.P. and EEP Managers Ltd have entered into a new lock-up agreement not to sell additional shares in the company for a period of 90 days.

For more information please contact:

Ola Elmeland
Vice President Marketing & Communications
Transmode Systems AB
Telephone: +46 8 506 882 71
Email: ola.elmeland@transmode.com

About Transmode
Transmode is a global provider of packet-optical networking solutions that enable fixed line and mobile network operators to cost effectively address the capacity needs created by the rapid growth in video and data traffic. These solutions are important building blocks in next-generation high-speed optical networks that support services such as broadband backhaul, mobile data backhaul, video delivery services and cloud computing. Transmode’s solutions are based on Wavelength Division Multiplexing (WDM) and packet optical transport technologies, which are designed to increase the capacity, flexibility and functionality of optical metro core and metro access networks. Transmode’s Intelligent WDM (iWDM(TM)) approach gives key advantages to customers, such as ultra-low latency, low power consumption and innovative network design.

Transmode is headquartered in Stockholm, Sweden and is listed on the NASDAQ OMX Stockholm Exchange (TRMO). Since 2000 the company has installed more than 20,000 systems for over 300 fixed and mobile network operators, service providers, large enterprises and public institutions in over 40 countries across the globe.