Completed conversion of shares of series C to shares of series B

All 1,000,000 shares of series C, which previously have been issued and repurchased within the frame of the implementation of Acando’s incentive programme, have been converted to shares of series B.
 
Subsequently to the conversion the total number of shares in the company amount to 78,564,768, of which 3,639,990 are shares of series A and 74,924,778 are shares of series B. Acando holds 1,000,000 shares of series C. The total number of votes in the company amount to 111,324,678. Acando does however not have voting rights for the 1,000,000 shares of series B which it holds. The share capital amounts to SEK 98,205,961.

For further information, please contact
Per Killiner, CFO Acando AB tel: +46 (0)8-699 70 00

The information is of the type that Acando AB may be obliged to announce under the provisions of the Markets in Financial Instruments Act. The information was submitted for publication on 29 January 2008, at 9 AM.

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 1 billion, and the Group employs 1,400 professionals in ten European countries. Acando is quoted on the OMX Nordic Exchange Stockholm.