Studsvik in consortium that is awarded contract to manage the UK Low Level Waste Repository

The Nuclear Decommissioning Authority has selected the UK Nuclear
Waste Management Limited (UK NWM) as successful bidder for the
management of the UK Low Level Waste Repository (LLWR). Studsvik has
a 15 per cent share in the consortium. The contract is signed today
and effective as of tomorrow. One element of the contract commissions
the consortium to develop a national Low Level Waste Strategy. This
opens the way for large scale treatment of UK low level waste
including the safe recycling of large amounts of low-level metallic
waste.

The Nuclear Decommissioning Authority, NDA, today will sign a final
contract with the UK Nuclear Waste Management Consortium for the
management of the UK Low Level Waste Repository.

The contract has two primary elements. The first element focuses on:
*          Managing the repository and maintaining future capacity
  for its existing storage vaults
*          Gaining regulatory approval for continued operation at the
  site
*          Developing plans for the long-term future of the site.

The second element of the contract is of particular strategic
importance to Studsvik. It commissions the consortium to develop a
UK-wide low-level-waste strategy to manage the increased levels of
waste expected from the NDA's planned decommissioning of redundant
nuclear facilities across the country.

As a leading waste management company, Studsvik has technology that
can reduce the volume of the waste that needs disposal and
stabilizing the final waste in the process. There is an estimated
500,000 tonnes of low level contaminated metal in the country, out of
which Studsvik estimates that more than 80 per cent or more can be
recycled.

Magnus Groth, President and CEO of Studsvik, commented: "We are
delighted that our consortium has secured this first historic
competition with the NDA and the confidence they have in our team to
support them in developing the UK low level waste strategy. We feel
that Studsvik will play a key part in the team utilising the decades
of experience we have gained in waste volume reduction and
stabilisation technologies'.

The duration of the contract is five years, with options to extend
that could culmuniate in a further twelve years extension. The order
value for the first five years is GBP 125 million. If all the
contract extension options are executed, the potential contract value
could be increased to GBP 500 million. Studsvik has a 15 per cent
share in the consortium.

For further information please contact:
Magnus Groth, President and CEO, Studsvik AB, +46 709 677 086
Mark Lyons, President, Studsvik UK Limited, +44 7879 491011

Below is a link to the Multimedia News Release for Studsvik.

http://mnr2.world-television.com/Studsvik/422/index.php



Facts about Studsvik
Studsvik offers a range of advanced technical services to the
international nuclear power industry in such areas as waste
treatment, decommissioning, engineering & services, and operating
efficiency. The company has 60 years experience of nuclear technology
and radiological services. Studsvik is a leading supplier on a
rapidly expanding market. The business is conducted through five
segments: Sweden, United Kingdom, Germany, USA and Global Services.
Studsvik has 1,200 employees in 7 countries and the company's shares
are listed on the OMX Nordic Stock Exchange Stockholm AB, MidCap.