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Cash and short-term investments totaled $107.4 million at the end of 2012 compared to $134.1 million at the end of 2011. During the fourth quarter of 2012, the Company generated $10.6 million of cash flow from operations. For the year, the Company generated $44.0 million of cash flow from operations as a result of continued profitability. In addition, the Company used $56.1 million to repurchase its own common shares, paid $9.9 million in dividends to its common shareholders and invested $6.5 million in property, plant and equipment and intangible assets during 2012.

Finally, the Company is pleased to announce that it will pay a dividend to its shareholders of $0.20 per share for this quarter, payable on March 20, 2013 to all shareholders of record on March 6, 2013. The dividend declared today has been designated as an "eligible" dividend for the purposes of the Income Tax Act (Canada) and similar provincial legislation. Shareholders of Aastra are entitled to receive dividends only if and when such dividends have been declared and there is no entitlement to any dividends prior to any declaration thereof by Aastra's Board of Directors.

About Aastra Technologies Limited

Aastra Technologies Limited (TSX: AAH) is a global company at the forefront of the Enterprise Communication market. Headquartered in Concord, Ontario, Canada, Aastra develops and delivers innovative and integrated solutions that address the communication needs of businesses small and large around the world. Aastra enables Enterprises to communicate and collaborate more efficiently and effectively by offering customers a full range of open standard IP-based and traditional communications solutions, including terminals, systems, and applications. For additional information on Aastra, visit our website at http://www.aastra.com.

Certain statements made herein may be forward-looking statements within the meaning of applicable Canadian securities legislation. These forward-looking statements include, among others, statements with respect to our Board of Directors declaring any future quarterly dividends and, if so declared, the amount of such dividends. By their very nature, forward-looking statements involve numerous factors and assumptions, and are subject to inherent risks and uncertainties, both general and specific, which give rise to the possibility that such forward-looking statements will not be achieved.

Shareholders are entitled to receive dividends only if and when such dividends have been declared and there is no entitlement to any dividends prior to any declaration thereof by our Board of Directors. The material factors that will be considered by our Board of Directors in determining whether it is appropriate to declare any future dividends, and the amount of any such dividends, include: our earnings, cash flow, quarterly fluctuations in financial results and financing requirements to fund acquisitions or other business opportunities. Please refer to our filings on the website maintained by the Canadian Securities Administrators at www.sedar.com, including our Annual Information Form and our annual and quarterly Management Discussion and Analyses for other material factors that may be considered by our Board of Directors in determining whether to declare any future dividends and the amount of any such dividends.

We caution readers not to place undue reliance on these forward-looking statements as our actual results may differ materially from our expectations if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. Therefore, we cannot provide any assurance that forward-looking statements will materialize. Unless otherwise required pursuant to applicable Canadian securities legislation, we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.

--------------------------------------------------------------------------------------------------------------------------------------------------------AASTRA TECHNOLOGIES LIMITEDCONSOLIDATED STATEMENTS OF PROFIT (UNAUDITED)Stated in thousands of Canadian dollars, except per share amounts                                  YEAR-TO-DATE            4th QUARTER                                 Twelve months            Three months                              ended December 31st     ended December 31st                                   2012        2011        2012        2011----------------------------------------------------------------------------Revenue                       $ 606,615   $ 692,994   $ 175,211   $ 199,681Cost of sales                   343,173     399,786      98,541     113,335----------------------------------------------------------------------------                                263,442     293,208      76,670      86,346Expenses: Selling, general and  administrative                171,745     178,476      44,600      44,369 Research and development        56,813      63,160      13,431      14,795 Depreciation and  amortization                   15,432      20,328       3,903       4,894 Foreign exchange loss            3,170       3,521       1,056       1,341----------------------------------------------------------------------------Results from operating activities                      16,282      27,723      13,680      20,947Finance income                   (4,882)     (3,600)     (1,522)       (747)Finance expense                     218         344          78          54----------------------------------------------------------------------------Profit before income taxes       20,946      30,979      15,124      21,640Income tax (recovery) expense                        (11,900)      4,807     (12,856)      3,425----------------------------------------------------------------------------Profit for the period         $  32,846   $  26,172   $  27,980   $  18,215----------------------------------------------------------------------------Earnings per share: Basic                        $    2.62   $    1.86   $    2.43   $    1.30 Diluted                      $    2.60   $    1.85   $    2.42   $    1.30----------------------------------------------------------------------------(i)    Actual common shares outstanding as at December 31, 2012 - 11,529,114       (2011 - 14,031,485)(ii)   Weighted average common shares outstanding for the twelve months and       three months ended December 31, 2012 - 12,530,758 and 11,529,114       (2011 - 14,061,422 and 14,032,739)(iii)  Weighted average fully diluted common shares outstanding for the       twelve months and three months ended December 31, 2012 - 12,616,229       and 11,583,190 (2011 - 14,155,347 and 14,032,739)--------------------------------------------------------------------------------------------------------------------------------------------------------The interim consolidated financial statements for the twelve months andthree months ended December 31, 2012 and 2011 have not been reviewed by anauditor.--------------------------------------------------------------------------------------------------------------------------------------------------------AASTRA TECHNOLOGIES LIMITEDCONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)Stated in thousands of Canadian dollars                                  YEAR-TO-DATE            4th QUARTER                                 Twelve months            Three months                              ended December 31st     ended December 31st                                   2012        2011        2012        2011----------------------------------------------------------------------------Cash and cash equivalents provided by (used in):Operating activities:  Profit for the period       $  32,846   $  26,172   $  27,980   $  18,215  Depreciation of property,   plant and equipment            9,511      11,402       2,246       2,804  Amortization of intangible   assets                         9,207      13,400       2,430       3,140  Share-based compensation   expense                          976       1,394          98         285  Loss on sale of property,   plant and equipment              845       1,130         227         640  Finance income                 (4,882)     (3,600)     (1,522)       (747)  Finance expense                   218         344          78          54  Income tax (recovery)   expense                      (11,900)      4,807     (12,856)      3,425  Change in non-cash pension   liabilities                     (114)       (766)         24      (1,497)  Change in non-cash   operating working capital     10,812      22,569      (6,435)       (519)  Income taxes paid              (3,481)     (6,471)     (1,629)     (1,455)----------------------------------------------------------------------------                                 44,038      70,381      10,641      24,345----------------------------------------------------------------------------Investing activities:  Maturity of short-term   investments                   18,615       4,092      14,414       4,092  Purchase of short-term   investments                  (19,922)     (4,092)    (11,009)     (4,092)  Interest received               3,113       3,523         749       1,064  Proceeds from disposal of   property, plant and   equipment                         58          11           -           3  Purchase of property,   plant and equipment           (5,803)     (5,102)     (3,218)     (1,200)  Purchase of intangible   assets                          (742)       (821)       (221)       (381)  Business acquisition, net   of cash acquired              (2,675)          -           -           -----------------------------------------------------------------------------                                 (7,356)     (2,389)        715        (514)----------------------------------------------------------------------------Financing activities:  Dividends paid to   shareholders                  (9,850)    (11,258)     (2,306)     (2,814)  Proceeds from exercise of   share options                    215         851           -         600  Repurchase of shares,   including transaction   costs                        (56,103)     (1,359)          -      (1,359)  Receipt of acquired lease   receivables                      378         740          62         162  Payment of acquired loan   payable                         (378)       (740)        (62)       (162)  Increase in loans payable           -         300           -           -  Repayment of loans payable        (49)    (15,894)          -         (39)  Finance costs paid               (137)       (314)        (34)        (37)----------------------------------------------------------------------------                                (65,924)    (27,674)     (2,340)     (3,649)----------------------------------------------------------------------------Foreign exchange on cash held in foreign currency           274      (1,089)      2,008      (4,519)----------------------------------------------------------------------------Increase (decrease) in cash and cash equivalents           (28,968)     39,229      11,024      15,663Cash and cash equivalents, beginning of period            129,933      90,704      89,941     114,270----------------------------------------------------------------------------Cash and cash equivalents, end of period                $ 100,965   $ 129,933   $ 100,965   $ 129,933--------------------------------------------------------------------------------------------------------------------------------------------------------The interim consolidated financial statements for the twelve months andthree months ended December 31, 2012 and 2011 have not been reviewed by anauditor.--------------------------------------------------------------------------------------------------------------------------------------------------------AASTRA TECHNOLOGIES LIMITEDCONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)Stated in thousands of Canadian dollars                                             DECEMBER 31st    DECEMBER 31st                                                      2012             2011----------------------------------------------------------------------------ASSETSCurrent assets:  Cash and cash equivalents                   $    100,965     $    129,933  Short-term investments                             6,433            4,202  Trade and other receivables                      159,260          167,142  Current tax assets                                 7,296            7,348  Inventories                                       91,804           80,963  Finance lease receivables                         14,052           21,336  Acquired lease receivables                           123              462  Prepaid expenses and other assets                  7,106            7,234----------------------------------------------------------------------------                                                   387,039          418,620Long-term investment                                 6,278            5,406Deferred tax assets                                 16,297           15,810Finance lease receivables                           19,375           23,469Acquired lease receivables                              88              138Property, plant and equipment                       26,754           30,953Goodwill                                            48,294           46,323Intangible assets                                   20,620           26,290Other assets                                            92              516----------------------------------------------------------------------------                                              $    524,837     $    567,525----------------------------------------------------------------------------LIABILITIES AND EQUITYCurrent liabilities:  Trade and other payables                    $    121,121     $    116,165  Current tax liabilities                           11,478           30,394  Deferred income                                   35,209           36,222  Current portion of loans payable                     123              512  Current portion of provisions                     14,330           12,494----------------------------------------------------------------------------                                                   182,261          195,787Pensions                                            37,731           37,566Loans payable                                           88              138Provisions                                           2,844            2,965Deferred tax liabilities                             8,875            7,851Other liabilities                                      894              995----------------------------------------------------------------------------                                                   232,693          245,302----------------------------------------------------------------------------Equity:  Share capital                                     77,859           94,917  Contributed surplus                               11,162           10,247  Translation reserves                              (4,726)          (6,159)  Retained earnings                                207,849          223,218----------------------------------------------------------------------------                                                   292,144          322,223----------------------------------------------------------------------------                                              $    524,837     $    567,525--------------------------------------------------------------------------------------------------------------------------------------------------------The interim consolidated financial statements for the twelve months andthree months ended December 31, 2012 and 2011 have not been reviewed by anauditor.