Acando enters agreement to divest Danish operations

Acando enters agreement to divest Danish operations

Acando has entered into an agreement where Q2con ApS acquires Acando's
Danish consulting operations.

The restructuring efforts executed over the last year have not had the
anticipated effect, leading to continued operating losses.

Acando's strategy is to focus on geographical markets where there are
opportunities to deliver Acando's full scope of services. In addition
Acando is represented on markets where international customer
assignments can be delivered.

Restructuring expenses in connection with the divestiture are estimated
to SEK 7 million which will affect the third quarter result. In
addition, the divestiture leads to goodwill write down of approximately
SEK 12 million.

Further information will be disclosed in the quarterly reports for the
second and third quarter 2011.

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 July 7,
2011.

Further information is available from:

Carl-Magnus Månsson, President and CEO, Acando, +46 8 699 73 77