AcandoFrontec AB (publ) and Flextronics Group Sweden AB have resolved their pension dispute

AcandoFrontec and Flextronics have reached an agreement in their pension dispute. The agreement also covers a number of other unresolved issues between the two companies. Among other things, Flextronics will renounce its claim of SEK 34 million stemming from the pension issue and AcandoFrontec will adjust its guarantees for taxes and labor law disputes. In the summer of 2002 AcandoFrontec (then Frontec) sold its subsidiary BlueLabs to Flextronics. Within the framework of this agreement, a difference of opinion arose in its interpretation, including with regard to the level of pension provisions (ITP pensions). For AcandoFrontec, the agreement that has now been reached means that an uncertainty factor for future results has been removed, although the agreement has no impact on earnings. For more information, please contact Lars Wollung, President, AcandoFrontec telephone +46 730 21 14 26 Bertil Carlsén, CFO, AcandoFrontec telephone +46 730 21 10 92 www.acandofrontec.se Ticker symbol: AFAB AcandoFrontec is a management and IT consulting company that identifies and quickly implements performance improvements. Our consultants are business integration specialists who help customers to achieve improvements by developing processes, organizations and IT solutions. Our work is strongly focused on the bottom line and a responsibility for ensuring that customers receive the improvements they expect from their investment. The company has just over 500 employees at 5 offices in Sweden. AcandoFrontec is listed on Stockholmsbörsen’s O-list under the ticker symbol AFAB.