Studsvik AB & Kobe Steel, Ltd. to establish Japanese Joint Venture Company focused on Japanese Nuclear Waste Management

Studsvik and Kobe Steel, Ltd have today announced the creation of a new Japanese
joint venture (“KOBELCO STUDSVIK Co. Ltd.”) company focused on delivering
design, engineering and implementation to provide radioactive waste management
solutions to the Japanese nuclear industry. A Japanese company, with
shareholding of 51 % Kobe Steel and 49 % Studsvik, will be formed to carry out
the joint venture’s business.
The joint venture will bring together Studsvik’s broad design and engineering
experience in waste management, including its patented THOR technology for
radioactive waste treatment, and metal recycling along with Kobe Steel’s
industrial and delivery capability in Japan. Kobe Steel has, as a major
industrial organisation, supported the Japanese nuclear industry over many
decades, and recent successful projects include building and implementing a new
waste incinerator to support waste management at Fukushima Daichi. Studsvik and
Kobe Steel have worked together for many years to develop the Japanese waste
management market. The joint venture will significantly enhance the delivery
capability and commitment of both companies to implement a range of waste
management solutions, and the design and implementation of waste treatment and
metal recycling facilities for the Japanese nuclear industry.

“Studsvik is motivated by the prospects for growth in the Japanese nuclear waste
management market, and we are delighted to be able to strengthen our long
-standing relationship with Kobe Steel through this joint venture to enhance
Studsvik’s delivery of its experience and technology to the Japanese market. Our
joint venture represents a clear demonstration of Studsvik’s strategy to grow
profitably in areas where we are technical leaders, and we look forward to
realising a number of exciting opportunities for Studsvik and our partner Kobe
Steel,” said Studsvik CEO Michael Mononen.

“One of the themes under our medium-term management plan to fiscal 2020 is to
undertake further initiatives in the waste treatment business in connection with
the decommissioning of nuclear plants”, said Shohei Manabe, Director and Senior
Executive Officer at Kobe Steel. “The enhanced synergy from the joint venture
with Studsvik will be a sincere response to provide solutions for the treatment
and disposal of radioactive waste from decommissioned nuclear plants including
the treatment and recycling of metals. At the same time, this undertaking will
also contribute significantly to social sustainability,” said Manabe.

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Fur further information please contact:

Michael Mononen, CEO Studsvik, telephone +46 155 22 10 86

Or

Pål Jarness, CFO Studsvik, telephone +46 155 22 10 09

Facts about Studsvik

Studsvik offers a range of advanced technical services to the international
nuclear power industry in such areas as consultancy services, and fuel and
materials technology. The company has over 65 years experience of nuclear
technology and radiological services. Studsvik has 700 employees in 7 countries
and the company’s shares are listed on the Nasdaq 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 April 25, 2016 at 08:45 AM CET.

www.studsvik.com