Studsvik signs teaming agreement with Westinghouse to provide full range of decommissioning services

Studsvik and Westinghouse have signed a teaming agreement to jointly offer a
full range of decommissioning services for nuclear power plants in Europe,
initially in Germany and Sweden. The cooperation will be marketed under the
separate brand name of ndcon, Nuclear Decommissioning Consortium by Studsvik and
Westinghouse.

The first commercial nuclear power plants in Europe were commissioned 50 years
ago and many of these units are now approaching their designed operating life.
Additionally, in some instances, political decisions have shortened the expected
operation of nuclear power plants. In the case of Germany, it has been decided
to phase out its 17 nuclear reactors by 2022. Eight of those reactors were
immediately shut down in March 2011. For these reasons, a significant number of
nuclear power plants across Europe will need to be decommissioned and dismantled
in the next 15 to 20 years.

"Studsvik holds already today a strong position in Europe, with a broad range of
services for the whole life cycle of nuclear power plants and other nuclear
operations. By establishing this close cooperation with world leading
Westinghouse we complement Studsvik's areas of competence with all services that
are necessary to be able to offer turnkey contracts in connection with
decommissioning of nuclear power plants", comments Anders Jackson, president and
Chief Executive Officer, Studsvik.

"Westinghouse has planned and executed D&D services in Spain, Sweden, Germany
and other countries, each having different regulatory regulations and reactor
designs," said Yves Brachet, president, Westinghouse Europe, Middle East &
Africa. "This teaming agreement with Studsvik will bring together an excellent
combination of decommissioning and dismantling skills and services, as well as a
wealth of experience that will ultimately contribute to our customer's success."


For further information please contact
Anders Jackson, president and Chief Executive Officer, Studsvik,
+46 155 22 10 82 or
Dr. Stefan Berbner, president of Studsvik GmbH & Co. KG, +49 7231 58 695 11




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 1,100 employees in 7 countries and the company's shares are listed
on the NASDAQ OMX Stockholm.


Facts about Westinghouse
Westinghouse Electric Company, a Group company of Toshiba Corporation (TKY:
6502), is the world's pioneering nuclear energy company and is a leading
supplier of nuclear plant products and technologies to utilities throughout the
world. Westinghouse supplied the world's first pressurized water reactor in
1957 in Shippingport, PA, USA. Today, Westinghouse technology is the basis for
approximately one-half of the world's operating nuclear plants, including more
than 50 percent of those in Europe.

With more than 50 years of global experience in supplying the nuclear industry,
Westinghouse is recognized as a proven supplier of quality nuclear services,
including innovative plant design and fabrication. Westinghouse offers its
customers both expertise and experience, based on its integral approach, and it
supports all the phases of a project, from concept to licensing to
implementation to work supervision. This support extends to D&D and WM for gas
cooled reactors (CGRs), sodium cooled reactors (SCRs), pressurized water
reactors (PWRs) and boiling water reactors (BWRs).






Studsvik is publishing this information pursuant to the Securities Market Act
and/or the Financial Instruments Trading Act. The Information was released for
public disclosure on August 16, 2012 at 08:00 AM CET.

www.studsvik.com


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