Acando has a strong financial position

Acando has a strong financial position

This is a clarification regarding misleading information in the media. 


Acando wants to make a clarification based on the information that was published
in the media today. Acando's financial position is strong with a substantial
amount of cash (SEK 181m as of 2008-12-31) and financial net assets amounting to
SEK 150m, including financial liabilities amounting to approximately SEK 37m.
Acando has not financed any acquisitions, including goodwill, or other
investments with loans. The financial liabilities consist of pensions and a
convertible debenture loan targeting the Acando staff, amounting to SEK 24.5m.

Acando's Annual Report for 2008 will be published next week.

Further information is available from:
Bengt Lejdström, CFO and Acting CEO, Acando, +46 8 699 7314.
Marianne Olsson, Communications Manager, Acando, +46 8 699 7450.

Acando
Acando is a consultancy company that in partnership with its clients identifies
and implements business improvements through information enabled by technology.
Acando provides a balance of high business value, short project times and low
total cost. Acando's annual turnover exceeds EUR 150 million and the Group
employs more than 1,100 professionals in six European countries. Acando is
listed at NASDAQ OMX Nordic. Acando's corporate culture is based on three core
values: Team spirit, Passion and Results. www.acando.com