Semcon signs 8 MEUR contract in Brazil

Semcon signs 8 MEUR contract in Brazil

Semcon has signed a new 3 year contract for engineering services for a major OEM
in Brazil. The value of the agreement amount to around MEUR 8. This contract is
a proof point of the potential growth in the Brazilian market in which we plan
to expand our operations.

- “We recognize a global demand for our engineering - and product information
services. Although there are difficult times today for many automotive
manufacturers, this deal shows us that there is positive growth in markets
worldwide” says Kjell Nilsson, CEO, Semcon.

- “Our initiative in the Brazilian market, starting during 2007, builds on our
cooperation and long-term relationship with OEM´s. As a result of this contract
we see major potential for continued growth and plan to employ an extensive
number of engineers to our offices in Brazil”, says Stefan Ohlsson, President,
Semcon Automotive R&D.  

Semcon Brazil
Brazil is our third largest market, after Sweden and Germany, and today Semcon
Brazil has 200 employees in Sao Paolo and Resende. Among our customers are
leading automotive manufacturers, manufacturers of heavy vehicles and their
system suppliers. 

For more information, please contact:
Kjell Nilsson, CEO Semcon AB, +46 (0)702 60 01 21
Anders Atterling, Investor Relations Manager, +46 (0)704 47 28 19

Semcon discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. This information was
submitted for publication at 09.15 a.m on October 7, 2008. 

Semcon is a global technology development company with business at 40 sites on
three continents. The Group is active in engineering services and product
information and is organised into three business areas: Automotive R&D, Design &
Development and Informatic. The Group has around 3,600 employees and annual
sales of around SEK 3.3 billion pro forma in 2007. Semcon's shares are listed on
Nasdaq OMX Nordic Exchange Stockholm under the SEMC ticker