Aastra Announces Final Results of Substantial Issuer Bid

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Aastra Announces Final Results of Substantial Issuer Bid Aastra Announces Final Results of Substantial Issuer BidAastra Announces Final Results of Substantial Issuer Bid

28 January 2009

TORONTO, ONTARIO (January 28, 2009) -- Aastra Technologies Limited - (TSX: “AAH”) today announced the final results of its modified Dutch auction-type substantial issuer bid to repurchase up to $25 million of its common shares (the “Offer”), which expired at 4:30 p.m. (EST) on January 27, 2009.

Based on the final report provided by the depositary for the Offer, 1,417,738 common shares have been deposited and not withdrawn prior to Aastra’s notification and instruction to take up the deposited common shares. Pursuant to the terms of the Offer, Aastra determined the Purchase Price to be $12.50 per common share to allow it to take up the maximum number of common shares deposited to the Offer for an aggregate purchase amount of $17,721,725.

All common shares properly deposited to the Offer at auction tender prices below the Purchase Price will be purchased at the Purchase Price. Payment to holders of common shares tendered and accepted for purchase will be made as soon as practicable, but otherwise in compliance with the Offer.

The purchased common shares represent approximately 9.6% of the common shares outstanding as of January 27, 2009. After the purchase, approximately 13.35 million common shares will remain outstanding.

Aastra Technologies Ltd.

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