Sweco strengthens positions in Russia

Sweco strengthens positions in Russia

Sweco has acquired the remaining 50 per cent of the Russia consulting company
Lenvodokanalproekt, with approximately 160 employees and offices in St.
Petersburg Moscow and Saratov. The company is one of the leading providers of
environmental consulting services in northwestern Russia.


“The acquisition of the remaining shares in Lenvodokanalproekt will further
strengthen our position in this strongly expansive market. The need for
improvements in the environmental and infrastructure areas remains urgent in
Russia, where the market for consulting services related to water and
environment is valued at more than EUR 160 million annually,” says Mats
Wäppling, President and CEO of Sweco. 

Sweco acquired the first 50 per cent of Lenvodokanalproekt in 2005. The company
is specialised in water and environmental services, but also carries out
assignments in the energy and infrastructure areas. Among other things,
Lenvodokanalproekt is currently involved in two large-scale environmental
projects in the city of Petrozavodsk in northwestern Russia. 

Today Sweco has 1,000 consultants in Lithuania, Estonia, Russia, Bulgaria, the
Czech Republic and Slovakia, and these operations have grown dramatically in
recent years. Three years ago, Sweco had 100 employees in Central and Eastern
Europe. 

Aside from the activities conducted by the units in Central and Eastern Europe,
Sweco's Swedish operations conduct project exports to the region mainly in the
water and environmental area. The first assignment in Russia was carried out
already in 1903 in St. Petersburg. 

As part payment for the acquisition, the Board of Directors of Sweco AB has
decided, by virtue of authorisation granted by the AGM on 10 April 2008, to
transfer 171 852 class B treasury shares to the Seller of the remaining 50
percent. The transfer is to be carried out by 15 June 2008 at the latest. The
price per share shall be equal to the last price paid for the SWECO class B
share on the OMX Nordic Stock Exchange Stockholm at the time of transfer. 

Sweco's holding of treasury shares prior to the transfer amounts to 979,719
class B shares and 150,000 class C shares, equal to approximately 1,3 per cent
of all registered shares in the company. The total number of shares outstanding
in Sweco is 86,414,350, divided among 9,389,075 class A shares, 76,875,275 class
B shares and 150,000 class C shares.


For additional information contact:
Mats Wäppling, President & CEO of Sweco, +46 (0)8 695 66 07,
mats.wappling@sweco.se
Per Johansson, President of Sweco Central & Eastern Europe, + 46 (0)40-16 73 83,
per.johansson@sweco.se

Sweco is a provider of international consulting engineering services with
combined expertise in engineering, environmental technology and architecture.
The Group has annual sales of approximately SEK 4.6 million and 5,400 employees
in ten countries. The company has projects currently underway in some 80
countries worldwide. Sweco is a member of the OMX Nordic Exchange Stockholm.

The information contained herein is subject to the disclosure requirements in
the Swedish Securities Exchange and Clearing Operations Act and/or the Financial
Instruments Trading Act. The information was submitted by Sweco for publication
at 3 p.m. on 16 May 2008.