The Board of Directors of Acando has adopted the repurchase of own shares

The Board of Directors of Acando AB (publ) has resolved to utilise the authorisation granted by the Annual General Meeting of Shareholders to repurchase shares in the Company.
 
Acando's dividend policy is to distribute one third or more of the net profit to the shareholders. The Annual General Meeting of Shareholders held on 26 April 2007 resolved to authorise the Board of Directors to acquire a maximum of 10 percent of the total number of shares in the Company through the repurchase of shares.
The decision of the Board of Directors will imply the repurchase of shares in an amount of up to SEK 30m, with however a maximum of 3,000,000 shares.
The total number of shares in Acando as at 31 December 2007 amounted to 78,564,768 composed of 3,639,990 A-shares and 74,924,778 B-shares.
Acando's current holding of own shares amounts to 1,000,000 B-shares.
A repurchase of 3,000,000 shares would represent 3.9 percent of the total number of outstanding shares. The Board of Directors of Acando intends to propose to the Annual General Meeting of Shareholders that repurchased shares be cancelled.
The acquisition will take place via the OMX Nordic Exchange at a price within the registered price interval prevailing at the time of the acquisition. The acquisition may take place during the period of time up to the next Annual General Meeting of Shareholders.

For further information, please contact
Ulf J Johansson, Chairman of the Board Acando AB tel: +46 (0)8-699 70 00

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 1,100 professionals in six European countries. Acando is quoted on the OMX Nordic Exchange Stockholm.