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.