Aastra to hold Conference Call Following Announcement of Third Quarter 2004 Financial Results

TORONTO, ONTARIO (October 18, 2004) -- Aastra Technologies Limited - (TSX: “AAH”) will hold a conference call following the release of its third quarter results for the period ended September 30, 2004.

Aastra expects its third quarter earnings release to be issued shortly after 4:00 pm EST on Monday, October 25, 2004.

The conference call is scheduled for 5:00 pm EST, Monday, October 25, 2004. Those wishing to participate in the teleconference are asked to call toll-free 1-888-333-4519, or local 416-695-9711 at approximately 5:00 pm EST. Replay will be available approximately one hour after the conference call by dialing toll-free 1-866-518-1010 or local 416-695-5275. This replay service will be available for 48 hours and will end on Wednesday, October 27, 2004 at 11:59 pm EST.

About Aastra Technologies Limited

Aastra Technologies Limited (TSX: “AAH”), headquartered in Concord, Ontario, Canada, develops and markets products and systems for accessing communication networks. Aastra’s products include a full range of residential and business telephone terminals, Enterprise Private Branch Exchanges (PBX), network access servers and high quality digital video gateways. Aastra serves the majority of telephone companies and certain cable operators and broadcasters in North America and Europe, with a growing presence in South America and Asia. For more information on Aastra, visit our Web site at http://www.aastra.com.

For further information contact:

Allan Brett, CFO
905-760-4160
abrett@aastra.com




Press Contact

Aastra Technologies Ltd.
155 Snow Blvd.
Concord, Ontario
Canada
L4K 4N9
press@aastra.com

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