AFRY

Share Issue/Capital Change • Jul 13, 2018

13 July 2018

Press release from ÅF

For further information:

Marta Tiberg, Head of Corporate Communication +46 73 072 70 48

Subscription to the 2018 Convertible Debenture Program for Key Staff Completed

On April 25 2018, the annual general meeting adopted a convertible debenture program for key staff in ÅF. The subscription has now been completed and amounts to SEK 188 600 000 at a conversion price of SEK 224,60 per share.

Full conversion will increase the share capital by SEK 2 099 142,50 and the number of shares by 839 657. This corresponds to a dilution equivalent to approximately 1,05 percent of the capital and approximately 0,77 percent of the votes.

In accordance with the resolution of the general meeting, the dilution will be offset by a repurchase and cancellation of shares corresponding to the subscribed amount. These measures shall be completed before the annual shareholders meeting 2019.

Corporate Communication ÅF AB

The information contained in this press release is such that ÅF is required to disclose pursuant to the Swedish Securities Markets Act. The information was submitted for publication on July 13, 2018 at 08:15 CET

ÅF is an engineering and design company within the fields of energy, industry and infrastructure. We create sustainable solutions for the next generation through talented people and technology. We are based in Europe and our business and clients are found all over the world.

ÅF – Making Future.