AFRY

Transaction in Own Shares • Oct 16, 2012

Press release from ÅF

For further information:

Viktor Svensson, Executive Vice President, Corporate Information +46 70 657 20 26

ÅF to buy back company's shares

Based on the mandate granted by the Annual General Meeting of shareholders on 7 May 2012, the Board of Directors of ÅF AB has decided to buy back 558,782 of the company's own class B shares on the NASDAQ OMX Stockholm Exchange at a price within the registered price range at the time of purchase, and to reduce the company's share capital by cancelling the repurchased shares. The buy-back will run until 31 December 2012.

The number of shares repurchased is to correspond to the total amount subscribed for in the company's 2012 Convertible Programme open to ÅF employees in Sweden, namely SEK 88 million.

The purpose of the buy-backs is to offset the dilution effects that would occur in the event of full conversion.

Corporate Information ÅF AB

The ÅF Group is a leader in technical consulting, with expertise founded on more than a century of experience. We offer highly qualified services and solutions for industrial processes, infrastructure projects and the development of products and IT systems. The ÅF Group currently has close to 5,000 employees. Our base is in Europe, but our business and our clients are found all over the world.

ÅF AB , Frösundaleden 2, SE-169 99 Stockholm, Sweden Phone +46 10 505 00 00. Fax +46 10 505 00 10. Registered office Stockholm. www.afconsult.com Corp. id. 556120-6474. VAT No SE556120647401. Certified according to SS-EN ISO 9001 and ISO 14001

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