AFRY

Share Issue/Capital Change • Jul 9, 2012

1(1)

Press release from ÅF

For immediate release:

For further information:

Viktor Svensson, Director Corporate Information +46 70 657 20 26

Subscription of 2012 Convertible Programme for ÅF members of staff

On 7 May 2012 the Annual General Meeting of ÅF AB resolved to implement a convertible programme for members of staff of ÅF in Sweden.

It is now apparent that the total amount subscribed for is SEK 87.8 million at a subscription price of SEK 157.10 per share.

Full conversion will increase the company's share capital by SEK 2,793,910 and raise the number of shares by 558,782. This corresponds to a dilution equivalent to approximately 1.65 percent of capital and approximately 1.15 percent of shares.

In accordance with the resolution of the AGM, the dilution effect will be offset by measures taken by the company to buy back shares in 2012 corresponding to the number of convertibles subscribed for.

ÅF AB Corporate Information

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. Today the ÅF Group has more than 4,500 employees. Our base is in Europe, but our business and our clients are found all over the world.

ÅF AB (publ), SE-169 99 Stockholm, Sweden, Visiting address Frösundaleden 2, Solna, 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