Formula Telecoms Solutions
('FTS' or the 'Company')

Posting of Report and Accounts and Notice of AGM

Herzliya, Israel | 30 June, 2008: FTS (LSE: FTS), a global provider of Billing, CRM and Business Control solutions for communications and content service providers, announces that it has today posted its annual report and accounts for the year ended 31 December 2007 to shareholders and the notice of a general meeting to be held on August 6, 2008 at 12:30pm local time, at the Company's head office located at 8 Maskit Street, Herliya 46120, Israel.  

A copy of the report and accounts can be found on the Company's website www.fts-soft.com.

About FTS  

FTS (LSE: FTS) is a leading provider of Billing, CRM and Business Control solutions for communications and content service providers. By analyzing events from a business standpoint rather than just billing them, FTS allows providers to better understand their customer base and leverage business value from every event and interaction. FTS deploys its full range of end-to-end, stand-alone and add-on solutions to customers in over 40 countries and has implemented solutions in wireless, wireline, cable, content and broadband markets including multiple cross-network installations. Serving the evolving needs of both traditional and next generation providers, the company's operations comprise four international R&D locations and strategically-located sales support offices worldwide.  

FTS is one of EMEA's fastest growing technology companies, consistently earning a place within the Deloitte Technology Fast-500 EMEA listing. In 2007, FTS was voted the 'Most Promising Company' at the prestigious TeleStrategies Billing and OSS World industry event. 

For more information please visit http://www.fts-soft.com/.

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For further information please contact:

Sonus PR for FTS

Patrick Smith,             Tel. +44 20 7903 5454, patrick.smith@sonuspr.com 

FTS

Moshe Peterfreund,      Tel. +972-9-952-6536, press@fts-soft.com  

Seymour Pierce

Mark Percy,                Tel. +44 20 7107 8000