Acando's Board of Directors has adopted the additional repurchase of treasury shares

Acando's Board of Directors has adopted the additional repurchase of
treasury shares

The Board of Directors of Acando AB (publ.) has resolved to repurchase
an additional maximum of 1,000,000 shares for a maximum amount of SEK 16
million. The acquisition will take place via the NASDAQ OMX Nordic at a
price within the registered price interval prevailing at the time of the
acquisition.

At the Annual General Meeting 2010, the Board of Directors was
authorized to purchase shares to the extent that the company's total
holding does not exceed 10 percent of all shares in the company, for the
purpose of adjusting the capital structure to suit the company's capital
requirements and to create the opportunity for the company to pay for
acquisitions of companies and businesses, wholly or partly, with these
shares. This authorization applies until the 2011 Annual General
Meeting.

The total number of shares in Acando as at March 23, 2011 amounts to
79,644,260 composed of 3,639,990 A-shares and 76,004,270 B-shares.
Acando's current holding of treasury shares amounts to 3,971,131
B-shares, corresponding to 5.0 percent of all outstanding shares. A
repurchase of 1,000,000 shares would represent an additional 1.3 percent
of the total number of outstanding shares.

This is information that Acando AB may be obligated to disclose
according to the Securities Market Act and/or the Financial Instruments
Trading Act. This information was submitted for publication on March 23,
2011.

 

Further information is available from:
Ulf J Johansson, Chairman of the Board, Acando, +46 8 699 70 00.
Lotta Jarleryd, CFO, Acando, +46 8 699 70 00.