National Nuclear Laboratory and Studsvik Scandpower sign Agency Agreement

National Nuclear Laboratory and Studsvik Scandpower sign Agency Agreement

The UK's National Nuclear Laboratory ("NNL") and Studsvik Scandpower
("Studsvik") have today concluded agency and licence agreements which appoint
Studsvik Scandpower as agent for the sale and distribution of NNL's ENIGMA fuel
performance software. Studsvik will market the software alongside its own fuel
core analysis software, CMS.

"This is an effort of Studsvik and NNL to join forces and combine two
established technologies into a multiphysics application that we believe will be
valuable for our customers. It provides a basis for a better understanding of
how our customers can protect their fuel in Nuclear Power Plant operation", says
Dr Thomas Smed, President of Studsvik Scandpower.

The ENIGMA code is a state of the art fuel performance code which has been
extensively validated and offers customers a comprehensive modelling capability
across a range of fuel types.

NNL has been a long time user of Studsvik's CASMO code and this agreement will
further strengthen the relationship between the two organisations.

"Dr Paul Howarth, NNL's Managing Director says, this is an example of NNL
expertise in the area of fuel performance being linked with Studsvik's core
analysis software. We believe this will offer customers a comprehensive package
and provide a combination of tools unique in the marketplace. The opportunity to
work with Studsvik is one that we look forward to building and strengthening
over the years."

For further information please contact:
Thomas Smed, President, Studsvik Scandpower, +46 760 02 10 11 or
Jerry Ericsson, CFO and deputy CEO Studsvik AB, +46 760 02 10 32


Facts
Studsvik Scandpower, a subsidiary of Studsvik AB, is the global leader in the
development and support of fuel vendor-independent reactor analysis software.
Studsvik Scandpower offers a full suite of licensing-grade software and
engineering services to meet the needs of operating utilitlies, fuel vendors,
safety authorities, and research organisations. The Studsvik CMS suite offers a
full lifecycle solution, meeting all core analysis requirements such as fuel and
loading pattern design, transient analysis, reactivity management & core
monitoring, training simulator core modelling and back-end (storage and cask)
analysis. CASMO is a state-of-the-art lattice physics code for modeling PWR and
BWR fuel.

ENIGMA is a state of the art fuel performance code that calculates the thermo-
mechanical performance of an LWR fuel rod in both steady-state and transient
conditions. ENIGMA is used in the design, licensing and safety analysis
performance of a range of fuel types, including UO(2) and MOX and offers
customers a comprehensive modelling capability across a range of fuel types,
backed up by extensive validation. The code has been used for several definitive
design and licensing assessments for both UO(2) and MOX fuel, including
licensing UO(2) and gadolinia-doped UO(2) in Sizewell 'B' and the Finnish
Loviisa VVER-440 reactor, and mixed oxide (MOX) fuel in the Swiss Beznau-1 PWR.
ENIGMA is also used in support of MOX production in the Sellafield MOX Plant
(SMP) and to perform feasibility studies for advanced fuels, as well as for
strategic assessments such as plutonium management in new build UK reactors.

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 the NASDAQ OMX Stockholm.

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 June 21, 2011 at
08:25 AM CET.

www.studsvik.com

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