Studsvik — M&A Activity 2008

Jan 2, 2008

January 2, 2008

NDA confirms plan to sign agreement in early 2008

The Nuclear Decommissioning Authority, NDA, has confirmed its intention to sign an agreement in early 2008 with the UK Nuclear Waste Management consortium, concerning the management of the UK Low Level Waste Repository. Studsvik has a 15 per cent share in UK Nuclear Waste Management.

Studsvik issued a press release on August 15, 2007 stating that the company is participating in a consortium that had been selected preferred bidder for the management of the UK Low Level Waste Repository in West Cumbria, England. The contract also comprises the development of a UK-wide low-level-waste strategy.

The initial time plan was aiming at concluding negotiations in October 2007. In its third quarter report released on October 29, Studsvik revised the time plan and said it expected signing shortly.

Due to the scope and complexity of the negotiations, and formal aspects not previously known, the time of signing has been pushed forward more than expected in October.

However, the NDA has published an official message (http://www.nda.gov.uk/news/pbo-sellafield-final-tender.cfm) stating that the contract is nearing completion being in the final stages of negotiation, and anticipated to conclude early 2008.

For further information: Jerry Ericsson, CFO and Vice President, Studsvik AB, tel: +46 709 677 032

Facts about Studsvik

Studsvik is a leading service supplier to the international nuclear industry. The company has 60 years experience of nuclear technology and radiological services. Studsvik addresses a market in strong growth with specialized services in four Strategic Business Areas: Waste Treatment,, Decommissioning, Operating Efficiency and Service and Maintenance. Studsvik has 1,200 employees in 7 countries and the company's shares are listed on the OMX Nordic Stock Exchange Stockholm AB, MidCap.