LONDON, September 23 /PRNewswire/ --     telent, a leading provider of technology services, today
announced that it has acquired Premises Networks Management plc, a specialist
provider of telecommunications system integration services that operates
predominantly in the UK.

The acquisition is in line with telent's strategy to grow its
presence and service offering in the telecommunications sector, and
strengthens its presence in the medium- to large enterprise market.

Premises Networks, which employs 40 people and has offices in
the North West of England and in the London area, has an impressive history
of providing products and services to a number of medium- to large
organisations. The company's capabilities include: design, supply,
installation and ongoing support and management of telecommunications
solutions, such as hosted, ICT and VoIP solutions, and unified communications
and mobility. The company is an accredited Aastra Advanced Sales and Service
Business Partner, one of only three in the UK. It also has accreditations
with other complementary product suppliers such as Mitel, Microsoft and AvsT.

Premises Networks' key customers include major telecom
providers such as: BT, Ericsson and Global Crossing; and public sector
organisations such as Eastleigh Borough Council, Lancashire County Council,
Leeds City Council, Luton Borough Council, Notting Hill Housing Trust,
University of Central Lancashire (UCLAN) and West London Mental Health
Authority, among others.

The combination of telent's established business and financial
scale with Premises Networks' telecommunications and systems integration
skills creates a unique position for telent in the telecommunications market.

"This is a fantastic opportunity for both businesses,"
commented Mark Plato, Chief Executive Officer of telent. "Premises Networks
is a very complementary business to telent in terms of its service offering
and telecoms expertise. Like telent, Premises Networks has developed a
reputation for excellent customer service within the industry. telent has the
financial scale and customer focus needed successfully to grow a business,
and Premises Networks has enviable skills and long-term customer
relationships. Together, we provide a compelling proposition of skill,
experience, domain knowledge and financial scale."

John Coomber, Chairman of the Board of telent and Executive
Vice Chairman of Pension Corporation, welcomed the acquisition: "Like
telent's acquisition of communications infrastructure provider - the Alan
Campbell Group - in August 2008, the addition of Premises Networks enhances
the company's current services offering and presents exciting opportunities
for future growth."

Maurice Lee, Managing Director of Premises Networks, added:
"telent has the size, skills and financial stability to maximise the true
potential of Premises Networks in the enterprise market."

About telent

With annual revenues of over GBP300 million, telent has
decades of experience in supplying a broad range of network and
communications services in the UK and Germany. Today, the company employs
over 2,500 people and has one of the largest engineering field forces in the
UK. Customers include (alphabetical order): Airwave, BT, Deutsche Bahn, EADS,
Ericsson, the Highways Agency, Network Rail, RWE, Tube Lines and Virgin
Media.

For more information, see the company's website:
http://www.telent.com

About Pension Corporation

The Pension Corporation group, which owns telent, provides
insurance buy-out, longevity insurance, pension fund sponsorship and asset
liability management solutions to defined benefit pension funds.

These solutions enable pension funds to protect their members' benefits
by strengthening and stabilising their financial position, and enable their
employers/sponsors to protect themselves against the volatility of their
earnings and balance sheet values.

See http://www.pensioncorporation.com for more information.

Copyright (c) telent Ltd 2008. All rights reserved. All brands and
product names and logos are trademarks of their respective holders.

Press enquiries:
    
    Chris Newman, +44(0)1926-693830, chris.newman@telent.com;
    Tom Herbst, +44(0)7768-145571, tom@ambergroup.net .