Ascade and Lebara Agree Long-term Cooperation

UK Project Emphasizes Ascade's Continued Market Leadership

STOCKHOLM, October 20, 2010 - Ascade, the global market-leader in advanced Routing, Billing
and Quality solutions for the Interconnect market, today announced that it
has signed a long-term agreement with Lebara for the provision of its Ascade
software suite.

Lebara is the global leader in providing high quality,
low-cost international mobile services. Founded in 2001, it has experienced
phenomenal growth and market recognition by offering innovative, tailored
solutions to migrant communities.

The Ascade software suite is a flexible and innovative
solution aimed to improve all aspects of telecom carrier business operations.
Modular and web-based, it provides end-to-end process support for the supply
chain of trading and exchanging voice traffic between operators.

"We have selected Ascade Software Suite after a thorough
evaluation of the 12 leading solutions in the market," comments Tristan
Brandt, Managing Director at Lebara Ltd. "Our aim was to find a long-term
partner that could assist us in reaching the next step of our growth phase
and beyond. Ascade was unique in offering a state-of-the-art solution
combined with carrier business expertise and deep technical and network
knowledge."

"Lebara has a unique proposition in the mobile market and
therefore unique requirements on its Business Support Systems," comments
Ascade CEO Klas Peterson. "This project shows again the strength and
adaptability of our Ascade Software Suite and we are looking forward to
working in close Partnership with Lebara in the coming years," continues Mr.
Peterson.

About Lebara

About Lebara

Lebara's vision is to be the leader in providing low-cost, high quality
international mobile services. Lebara Mobile was founded in 2001 as part of
the Lebara Group. Lebara was ranked as the UK's fourth fastest-growing
private company in the Sunday Times 'Fast Track 100 listing' in 2006, was
voted Best Newcomer at the Mobile Industry Awards in 2008, was recognised as
delivering the Most Innovative Service at the 2009 Mobile News Awards and in
2010 won the award for best MVNO at the Mobile News Awards.

To learn more about Lebara, please visit the website at
www.lebara.com.

ABOUT ASCADE AB

Ascade is the leading provider of advanced interconnect business
solutions for voice and data traffic. Our expert's ability to combine
advanced and innovative yet user-friendly software with a strong carrier
industry expertise powers our clients to attain a competitive edge on the
wholesale voice market.

Customers include Lebara, Reach, TalkTalk, Orange, Tata Communications,
iBasis, Telenor Global Services, IDT, SingTel, Telekom Malaysia, Etisalat,
Saudi Telecom, du, Qtel, Mobily, Allstream, Elion, Gateway Communications,
Rostelecom, PT Telekom, Korea Telecom, T-COM Croatia, Telekom Slovenjie, CTM
Macau, Sunrise, Telekom Austria, Starhub, Mobile1, and many more.

Ascade AB is a privately held company owned by founders and leading
Nordic investment firms CapMan, listed on the Helsinki Stock Exchange, and
SEB Venture Capital, the venture capital division of Nordic financial
services group SEB, listed on the Stockholm Stock Exchange. Through its
presence in Sweden, US, Dubai, and Singapore, Ascade provides support to its
customers worldwide.

    For more information please visit: www.ascade.com
    Contact: Klas Peterson, Ascade AB
    Email: klas.peterson@ascade.com
    Ascade AB
    Soder Malarstrand 29
    P.O. Box 38176
    SE-100 64 Stockholm, Sweden
    Tel: +46-8-616-73-00
    Fax: +46-8-545-90-427

www.ascade.com

Contact: Klas Peterson, Ascade AB, Email: klas.peterson at ascade.com, Ascade AB, Soder Malarstrand 29, P.O. Box 38176, SE-100 64 Stockholm, Sweden, Tel: +46-8-616-73-00, Fax: +46-8-545-90-427