Vitec Software Group B — Regulatory Filings 2013

Feb 25, 2013

Press release

2013-02-25 09:00

Vitec enters Qatar market with energy flow simulation tool

District cooling giant Marafeq Qatar has signed an order with Vitec to use NetSim Epsilon to analyze their district cooling grid. Marafeq Qatar has witnessed rapid grid expansions with continued expansion expected.

For district cooling companies, grid calculations are the technical backbone to support decisions about pump sizing, grid design, and developing operational strategies that will properly serve the high-end customers that will live and work in Lusail City. A large grid like at Lusail City requires a fast and accurate simulation tool, such as NetSim Epsilon, to monitor grid calculations. With the 2012 release of the popular NetSim Epsilon system, Vitec has made an already user-friendly and accurate tool even better. Calculations once almost exclusively owned by consultants can now be performed and analyzed in house, creating a better understanding of the grid dynamics.

• "As the Lusail City develops and changes, we need a robust hydraulic simulation tool to analyze, evaluate, and prove we can serve our customers," says Robert Miller, Technical Specialist for District Cooling at Marafeq Qatar. "NetSim Epsilon has the features and capabilities necessary for our large and complex system and to provide technical input to aid commercial decisions."
• Jerker Vallbo, Managing Director at Vitec Energy AB notes, "We are pleased that Marafeq Qatar has chosen NetSim Epsilon as their hydraulic simulation tool. Marafeq are a major business partner who will help solidify Vitec's role in an important area of the world."

Marafeq Qatar

Marafeq Qatar is a utility company providing utility and infrastructure development along with O&M services for real estate developments. Marafeq is the only infrastructure company in Qatar capable of providing complete solutions from utility planning to implementation for district cooling, pneumatic waste, waste water, and gas distribution. As a wholly-owned subsidiary of Qatari Diar, Marafeq has sufficient financial strength to offer BOO(T) solutions to its customers in addition to O&M and other development services. Lusail City's district cooling infrastructure will eventually include approximately 320,000 TR production serving more than 1,000 customers through a single network of 173 km (supply and return pipe). The Marina District Cooling Plant will be the first of four chiller plants constructed.

Vitec – Business unit Energy

Vitec Energy develops, markets and sells IT-solutions for Energy Companies. The system portfolio includes demand load forecast for electricity and district cooling/heating, wind power productions forecasts and geographical information systems (GIS) for electricity and district cooling/heating utilities. Vitec Energy AB has a turnover of 21 million SEK per year and is a part of Vitec Software Group AB (publ).

For more information, contact

Jerker Vallbo, Vitec , Managing Director Vitec Energy, T: +46 70 346 66 58 Robert Miller, Techniqal Specialist at Marafeq Qatar, T: +974 4012 0132

Vitec Software Group AB (publ) is a publicly traded software company that offers its own industry-specific business software. Vitec focuses on sectors where there are specific needs that cannot be effectively met by providers of general business systems. The company has annual sales of about 390 million SEK and has about 300 employees. Vitec is listed on Nasdaq OMX, Stockholm. www.vitec.se Main office: PO Box 7965, S-907 19 Umeå, Sweden. Switchboard: +46 9 90-15 49 00, Fax +46 90-15 49 07