Atlas Copco to supply world's first floating LNG plant

Atlas Copco to supply world's first floating LNG plant 

Stockholm, Sweden, December 19, 2008: Atlas Copco has won a multi-million USD
contract to supply six turboexpander compressors for a new type of application
related to liquefied natural gas (LNG). The customer, Norway-based KANFA Aragon
A.S., part of the Sevan Marine Group, will use the equipment for the world's
first floating natural gas liquefaction plant.

Installed aboard a so-called M-flex storage vessel, the six turboexpander
compressors will be a driving force at the plant, used to produce the
low-temperature nitrogen necessary in the liquefaction process. The order was
won in the fourth quarter by Atlas Copco's Gas and Process division (through
Mafi-Trench Company).

“This project is evidence of our position as a global leader in LNG
applications, with a unique ability to serve customers for any application in
this growing market,” says Ronnie Leten, Business Area President, Atlas Copco
Compressor Technique. “The contract also shows that our acquisition of
Mafi-Trench in 2007 is already paying great dividends.”

LNG-FPSO (Floating Production, Storage, and Offloading) is an emerging
application in offshore gas processing, designed to safely process and store
natural gas extracted from a nearby offshore site until it can be offloaded to
an LNG tanker. The first site is expected to be off the coast of Nigeria.

Operating at full capacity, the vessel can treat and liquefy 1.7 million tons of
gas each year, helping to meet the world's rising demand for natural gas.

For further information please contact:
Ronnie Leten, Business Area President, Compressor Technique
+32 (0)3 870 2938 or +32 (0)477 222 685
Daniel Frykholm, Media Relations Manager
+46 (0)8 743 8060 or +46 (0)70 865 8060

Atlas Copco may be required to disclose the information provided herein pursuant
to the Securities Markets Act. 

Atlas Copco is a world leading provider of industrial productivity solutions.
The products and services range from compressed air and gas equipment,
generators, construction and mining equipment, industrial tools and assembly
systems, to related aftermarket and rental. In close cooperation with customers
and business partners, and with 135 years of experience, Atlas Copco innovates
for superior productivity. Headquartered in Stockholm, Sweden, the Group's
global reach spans more than 160 markets. In 2007, Atlas Copco had 33 000
employees and revenues of BSEK 63 (BEUR 6.7). Learn more at www.atlascopco.com.

Gas and Process is a division within Atlas Copco's Compressor Technique business
area. It develops, manufactures and markets large, customized gas and process
compressors and turbo expanders, and their respective aftermarket products. Its
products are used primarily by the oil and gas, chemical/petrochemical process
and power industries worldwide, and also by industries that specialize in gas
production through air separation. The divisional headquarters and main
production center is located in Cologne, Germany.