Studsvik — Regulatory Filings 2011

Nov 16, 2011

November 16, 2011

Studsvik signs contract in Russia worth USD 1 million

Studsvik, through its subsidiary Studsvik Scandpower, has signed a contract with the Russian nuclear fuel producer JSC TVEL to deliver software and certain related services in 2012. The contract is worth USD 1 million.

JSC TVEL already collaborates closely with Studsvik in the international SCIP-II project on justification of fuel behavior. The sale is, however, an important step in Studsvik's broadening of its customer base within the software area as well. JSC TVEL is one of the world's leading manufacturers of nuclear fuel that is used in 76 commercial and 30 research reactors in 17 countries.

"We decided to deepen our cooperation with Studsvik within software and services in nuclear fuel design since software developed by Studsvik Scandpower is widely recognized in the world. We trust that their use, along with the relevant Russian products, could serve as an important step in getting established as a PWR fuel vendor in the West," says Pyotr Lavrenyuk, Senior Vice President of JSC TVEL.

"We are very happy to gain this contract with such a prestigious organization as JSC TVEL. We look forward to supporting JSC TVEL with our products and services", says Thomas Smed, President of Studsvik Scandpower.

The order is pending an export authorization from US Department of Energy.

For more information, please contact: Jerry Ericsson, Acting CEO, Studsvik AB, +46 155 22 10 32, or

Thomas Smed, President Studsvik Scandpower, +46 (0)76 869 72 70

Facts about Studsvik

Studsvik offers a range of advanced technical services to the international nuclear power industry in waste treatment, decommissioning, engineering and services, and operating efficiency. The company has 60 years' experience of nuclear technology and radiological services. Studsvik is a leading supplier on a rapidly expanding market. The business is conducted through five segments: Sweden, United Kingdom, Germany, USA and Global Services. Studsvik has 1,200 employees in 8 countries and the company's shares are listed on NASDAQ OMX Stockholm.

Studsvik is publishing this information pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The Information was released for public disclosure on November 16, 2011 at 07:50 AM CET.

www.studsvik.com