AFRY

M&A Activity • Apr 17, 2012

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Press release from ÅF

For further information:

Mats Påhlsson, President, Infrastructure Division +46 70 534 64 00 Viktor Svensson, Executive Vice President, Corporate Information +46 70 657 20 26

ÅF acquires Bygganalys AB

ÅF has acquired 100 percent of the shares in the technical consulting company, Bygganalys. The company, founded in 1952, has a strong market position in the field of real estate economy in Sweden, as well as in the project management and site supervision of construction projects. Bygganalys currently has 52 employees, most of whom are based in the Stockholm region.

It is estimated that income for Bygganalys in 2012 will total approximately SEK 70 million, and that the level of profitability will be good. An initial purchase price of SEK 13 million has been agreed, with an additional consideration that is to be based on earnings for 2012 and 2013.

Bygganalys will be integrated into the operations of the ÅF Infrastructure Division, where it will complement and reinforce the division's current portfolio of consulting services.

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 more than 4,600 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. Visitors' address: Frösundaleden 2, Solna. Telephone +46 10 505 00 00. Telefax +46 10 505 00 10. Reg'd office: Stockholm. www.afconsult.com Corp ID no. 556120-6474. VAT no. SE556120647401. SS-EN ISO 9001 and ISO 14001 certified.