Regarding Class A shares in AcandoFrontec AB (publ)

When Frontec and Acando merged, Frontec’s Class A shareholders contracted with the shareholders of Acando AB to restamp, under certain conditions, all Class A shares to Class B shares no later than three years after the merger date. Acando AB’s previous shareholders included Custos AB, Kinnevik AB and Nordico AB. Owing to the fact that the majority of Acando’s previous shareholders no longer own shares in AcandoFrontec AB, the restamping condition in the existing agreement is no longer valid. However, Class A shareholders in AcandoFrontec AB have announced that they still intend to restamp their Class A shares by July 1, 2006 if it benefits the company. The merger between Frontec AB and Acando AB was finalized on July 1, 2003. For more information, please contact Ulf J Johansson, Chairman of AcandoFrontec Telephone +46-8-699 7276 www.acandofrontec.com Ticker symbol: AFAB AcandoFrontec is a consulting company that works together with customers to identify and implement performance improvements with the help of information technology. Measurable improvements are achieved by enhancing processes, organizations and IT solutions. Our consultants understand and are well-versed in information technology, but our passion is to improve our customers’ businesses. We are recognized for a focus on the bottom line and responsibility for ensuring that customers quickly receive the outcomes they expect. Customers should see AcandoFrontec as a local partner who can handle projects both simple and complex. The company has just over 500 employees at seven offices in Sweden. Through its ownership interest in the Estonian IT company WMG with 150 employees in five countries, AcandoFrontec can offer system development services in a large part of northern Europe. AcandoFrontec is listed on Stockholmsbörsen’s O-list under the ticker symbol AFAB.