Year-end report for the period january 1 – december 31, 2004

Higher profit and improved market position

January - December 2004 compared with the same period of 2003* • Net sales amounted to SEK 608 million (499). • Operating profit before goodwill amortization (EBITA) rose to SEK 33 million (-148), generating an operating margin of 5.4 % (-29.7). • Profit after tax was SEK 27 million (-151). • Earnings per share amounted to SEK 0.45 (-3.47). • Cash flow from operating activities, excluding the liquidity effect of previous structural costs, amounted to SEK 35 million. • Acquisitions of Edge Consulting and a unit of Flextronics Design. Fourth quarter 2004 compared with the same quarter of 2003 • Quarterly net sales amounted to SEK 167 million (161), an increase of 9% for comparable units. • Operating profit before goodwill amortization (EBITA) tripled to SEK 15 million (5). • Positive cash flow. • Important contracts signed with Volvo and Swedish Maritime Administration. New strategic cooperation with LogicaCMG. * AcandoFrontec Consulting AB (formerly Acando AB) included as of July 1, 2003. “We have reported a profit for the fifth consecutive quarter and achieved our main objective for 2004 – to establish a stable and profitable company. Our principal customers are active. The 10 largest have raised their purchases by 30% compared with 2003. Our brand recognition nearly doubled during the year, and we are at the top in terms of customer satisfaction, according to independent surveys,” says Lars Wollung, President and CEO of AcandoFrontec. For more information, please contact Lars Wollung, President and CEO telephone +46 8 699 72 11 Bertil Carlsén, Executive Vice President & CFO telephone +46 8 699 71 31 Jan Rehn, Director of Communications and Investor Relations telephone +46 31 345 32 43 Financial information is also available on our website www.acandofrontec.com