AFRY

Regulatory Filings • Aug 17, 2011

1(1)

Press release from ÅF

For immediate release 2011-08-17

For further information:

Per Magnusson, President, Industry Division +46 (0)70-676 64 26 Viktor Svensson, Director, Corporate Information +46 (0)70-657 20 26

ÅF wins major project with Boliden

ÅF has been appointed lead technical consultant for the electrical power and automation work in connection with Boliden AB's investment in the expansion of its industrial operations at Garpenberg, with a new dressing plant, new shafts and underground facilities and site infrastructure. The contract is one of the largest that ÅF has secured to date with the Swedish mining industry. For ÅF's part, the assignment is expected to last for approximately two years.

Boliden is making the investment in order to increase ore production at the Garpenberg mine from the current level of 1.4 million tonnes to 2.5 million tonnes a year.

"We are delighted with the confidence that Boliden has shown us in asking us to help the company with this strategically importantinvestment. This new contract provides yet more proof of the success of our long-term commitment to provide consulting services to the mining industry," says Per Magnusson, President of ÅF's Industry Division.

ÅF AB Corporate Information

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