First contract signed with FPL for new U.S. waste model

Studsvik has signed a long term contract with FPL Group for the
treatment of medium-level (Class B/C) waste at the facility in Erwin.
This is the first contract for waste treatment that has been signed
under Studsvik's new model for medium-level waste in the USA."The strong interest that we see from customers for this new model
has convinced me that we will operate the waste treatment facility in
Erwin profitably from 2009 and onwards," says Studsvik's CEO Magnus
Groth. "The model offers a solution to a major problem for the
American nuclear power industry. Our initiative means that customers
now have a competitive and environmentally sound alternative for
their medium-level waste."

Contract negotiations according to this model are under way with
several customers. Studsvik will re-start the Erwin facility for
waste treatment in December when it starts receiving waste from FPL
Group under the new contract.

The contract with FPL Group lasts through 2013. FPL Group operates 8
commercial nuclear power reactors, and with annual revenues of more
than $15 billion and a presence in 27 states is one of the largest
providers of electricity-related services in the United States.

Studsvik launched its new business model for the treatment of
medium-level waste in the USA after obtaining necessary licenses in
October. In the model, Studsvik will treat the waste at the Erwin
facility in the same way as before and thereafter take responsibility
for storage and final disposal, for which a storage agreement hasbeen reached with Waste Control Specialists (WCS) in Texas."Our relationship with WCS is essential," states Lewis Johnson,
President of Studsvik Inc. "The ability of our two companies to come
together to provide this solution for the nuclear industry ensures a
continuous waste management path to our customers."

Studsvik has been treating and reducing the volume of medium-level
wet waste from the American nuclear power industry, mainly ion
exchange resins, since the early 2000s. After treatment, the residual
products were previously sent for final disposal to the Barnwell
disposal facility in South Carolina. Since July this facility only
accepts waste from three of the United States' 50 states, leaving
most of the American nuclear power industry without access to final
disposal of medium-level waste.

For further information please contact:

Magnus Groth, President and Chief Executive Officer, tel +46 155 22
10 86 or cell +46 709 67 70 86
Lewis Johnson, President of Studsvik Inc., tel + 1 404 497 4911 or
cell
+ 1 678 549 8958


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 8 countries and the company's shares
are listed on NASDAQ OMX Stockholm.