AFRY

Transaction in Own Shares • Oct 7, 2011

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Press release from ÅF

For immediate release 07/10/2011

For further information:

Jonas Ågrup, CFO +46 (0)70-333 04 95 Viktor Svensson, Executive Vice President, Corporate Information +46 (0)70-657 20 26

Buy-backs of ÅF's shares in connection with ÅF Performance Share Plan 2011

At their Annual General Meeting on 2 May 2011, ÅF shareholders gave the Board a mandate to acquire up to 155,000 of the company's class B shares before the next Annual General Meeting.

In a decision based on this mandate, the Board of ÅF AB has resolved to acquire a maximum of 155,000 class B shares during the period 24 October 2011 to 7 May 2012. The shares will be purchased for cash on the OMX Nordic Exchange in Stockholm at a price that falls within the registered share price range at the time of purchase.

The purpose of the buy-backs is to safeguard the company's obligations with regard to the Performance-Related Share Programme 2011 that was approved by the Annual General Meeting.

ÅF currently owns 284,000 of the company's class B shares.

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.