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Regulatory press release

AFG: Another contract to develop the Swedish power grid

AF Gruppen
Kanonaden Entreprenad, a subsidiary of AF Gruppen, will build and expand the
switchgear at Odensala station in Sigtuna municipality between Stockholm and
Uppsala. The contract is valued at approximately SEK 162 million, excluding VAT.

The contract is a turn key contract and includes demolition, terracing,
excavation, blasting and concrete work in connection with a new foundation for
the station's switchgear. The assignment is being carried out for Eitech
Engineering AB and the end customer is Svenska Kraftnät.

The new switchgear station is important to meet the growing demand for
electricity in the Uppsala and Stockholm areas. The new facility will have an
area of 192,000 square meters, equivalent to 27 football fields.

"We are pleased that Kanonaden has been awarded yet another important assignment
on the development of the Swedish power grid through the new Odensala station.
We look forward to delivering high quality in good partnership with the client,"
says Bård Frydenlund, EVP Sweden for AF Gruppen.


For further details, please contact:

Bård Frydenlund, EVP Sweden for AF Gruppen, tel.: +47 918 68 621
Ola Forsell, CEO Kanonaden Entreprenad, tel.: +46 730 66 63 43
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