SWECO AB (publ) Interim report January-June 2006

Continued earnings growth for SWECO – Operating profit up by 30 per cent • Operating profit was SEK 185.6 (142.8) million • Operating margin was 9.6 (8.2) per cent • Net sales rose 11 per cent to SEK 1,926 (1,733) million • Profit before tax totalled SEK 189.4 (161.2) million • Profit after tax was SEK 132,7 (112,9) million, equal to SEK 7.86 (6.45) per share

Comments from the CEO, Wigon Thuresson: “SWECO showed impressive performance during the period, with a 30-per cent improvement in operating profit. Net sales were up by 11 per cent and we have further increased our market shares.” “The new organisational structure that was introduced in May will give us a better platform for ongoing international expansion. “We have stepped up our investments in the growth markets of Eastern Europe and. have secured a leading position in the Baltic region through the formation of Estonia’s largest engineering consultancy. “SWECO is growing in size and strength in all markets and has an excellent financial position. The outlook for the remainder of 2006 remains positive. “