TeleComputing CTO Elected to Board of Directors of ASP Industry Consortium; Jeff Hagins, TeleComputing CTO, to Help Guide International Association of Technology Leaders.

Business Editors/High Tech Writers

FORT LAUDERDALE, Fla. and STERLING, Va.--(BUSINESS WIRE)--May 23, 2001

TeleComputing ASA, (Oslo Stock Exchange:TCO), a leading worldwide ASP and ASP-enabler, today announced that its Chief Technology Officer, Jeff Hagins, has been elected to the Board of Directors of the Application Service Provider (ASP) Industry Consortium for 2001.

The ASP Industry Consortium is the global advocacy group formed to promote the application service provider industry. Its goals include educating the marketplace, promoting best practices, developing common definitions for the industry, as well as serving as a forum for discussion and sponsoring research.

Since its founding by 25 leading technology companies in May 1999, more than 600 member companies in 30 countries have joined the Massachusetts-based ASP Industry Consortium.

The 34-member Board of Directors for 2001 includes representation from 10 different countries around the world.

"It is an honor to be working with Jeff Hagins on our Board of Directors for 2001-2002," commented Paula Hunter, chairman of the ASP Industry Consortium. "The make-up of this Board illustrates the vast level of industry expertise that will help shape the Consortium's direction and drive its progress over the next year. We're lucky to have the commitment from people like Hagins, and I am certain his dedication to the organization will result in continued success for the Consortium this year."

"Joining the ASPIC Board of Directors is a personal and professional honor," said Hagins, "TeleComputing is one of the founding members of the consortium, and I'm excited about the opportunity to positively influence the growth and maturation of the ASP industry."

Jeff Hagins has served as TeleComputing's Chief Technology Officer since September 2000. Hagins was previously Vice President of Engineering for TeleComputing. Prior to joining TeleComputing, Inc., Hagins held the position of Director, Software Engineering at J.D. Edwards where he was responsible for software development and test activities for the Configurable Network Computing (CNC) architecture. Hagins spent 13 years with Lockheed Martin Corporation as a Program Manager and Technical Director on several large government and military development efforts, focused largely on networking and messaging systems.

About the ASP Industry

An application service provider manages and delivers application capabilities to multiple entities from data centers across a wide area network. ASPs give customers a viable alternative to procuring and implementing complex systems themselves. ASP customers also are able to control more precisely the total cost of technology ownership through scheduled payment schemes. Though the ASP market is relatively new, computer industry analysts foresee rapid growth and multi-billion-dollar annual sales within the next few years. End users cross industry lines and include anyone from the small office/home office (SOHO) client to large corporations and from complex businesses to specific verticals.

About the ASP Industry Consortium

The ASP Industry Consortium is the global advocacy group formed to promote the application service provider industry. Its goals include educating the marketplace, promoting best practices, developing common definitions for the industry, as well as serving as a forum for discussion and sponsoring research. Among the technology sectors represented among its membership are Independent Software Vendors (ISVs), Network Service Providers (NSPs), telecommunications companies, infrastructure providers, Application Service Providers (ASPs) and other sectors supporting the industry. Since its founding by 25 leading technology companies in May 1999, more than 600 member companies in 30 countries have joined the ASP Industry Consortium. Information on the ASP Industry Consortium - including a full list of member companies - is available at www.allaboutasp.org or by contacting the Consortium's headquarters at: ASP Industry Consortium, Inc., 401 Edgewater Place, Suite 500, Wakefield, Mass., USA 01880; Tel: [phone]; Fax: [phone]; e-mail [e-mail].

About TeleComputing

TeleComputing, founded in Norway in 1997, is the largest ASP in Europe and the third largest ASP in revenues worldwide. In 2001, the Company launched its global Service Provider Solution business that provides infrastructure and consultative solutions to companies who wish to provide TeleComputing or private label ASP services to their own customer base. Both businesses leverage TECOS(TM) developed to manage Information Technology costs and complexity, while improving accessibility, reliability and security for over 400 satisfied customers worldwide.

The Company has a presence in Norway, Sweden and the U.S. with approximately 200 employees and seven offices. TeleComputing has strategic business relationships with Microsoft, Citrix Systems, Exodus and Compaq. For more information on TeleComputing, please visit www.TeleComputing.com .