AFRY

Capital/Financing Update • Jul 13, 2017

13 July 2017

Press release from ÅF

For further information:

Marta Tiberg, Head of Corporate Communication +46 73 072 70 48

Subscription to the 2017 Convertible Debenture Program for Key Staff Completed

On April 25 2017 the annual general meeting adopted a convertible debenture program for key staff in ÅF. The subscription has now been completed and amounts to MSEK 180,8 at a subscription price of SEK 221,90 per share.

Full conversion will increase the share capital by SEK 2 036 527,50 and the number of shares by 814 611. This corresponds to a dilution equivalent to approximately 1,02 percent of the capital and approximately 0,75 percent of the votes.

In accordance with the resolution of the general meeting, the dilution will be offset by a repurchase and cancellation of shares corresponding to the subscribed amount. These measures shall be completed before the annual shareholders meeting 2018.

Corporate Communication ÅF AB

The information contained in this press release is such that ÅF is required to disclose pursuant to the Swedish Securities Markets Act. The information was submitted for publication on July 13, 2017 at 15:00 CET

ÅF is an engineering and consulting company for the energy, industrial and infrastructure markets, creating progress for our clients since 1895. By connecting technologies we provide profitable, innovative and sustainable solutions to shape the future and improve people's lives. Building on our strong base in Europe, our business and clients are found all over the world.

ÅF – Innovation by experience