AFRY

Capital/Financing Update • Jul 12, 2013

Press release from ÅF

For further information: Viktor Svensson, Director Corporate Information +46 70 657 20 26

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Subscription for the 2013 Employee Convertible Debenture Program is now completed

On April 26 2013, the Annual General Meeting of ÅF AB resolved to implement a Convertible debenture program for ÅF employees in Sweden.

The subscription is now complete and amounts to MSEK 76.7 at a subscription price of SEK 200 per share.

Full conversion will increase the company's share capital by SEK 1 918 250 and raise the number of shares by 383 650. This corresponds to a dilution equivalent to approximately 1 percent of the capital and approximately 0.7 percent of the votes.

In accordance with the resolution of the AGM, the dilution effect will be offset by a repurchase and cancellation of shares corresponding to the subscribed amount. These measures shall be affected before next year's AGM.

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 7,000 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