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2016-10-21

ÅF AB: New CEO during 2017

For further information:

Marta Tiberg, Head of Communications, +46 73 072 70 48
Jonas Wiström, President and CEO, +46 70 608 12 20

CEO Jonas Wiström has informed the Board of Directors of his intention to step
down as CEO during 2017. A recruitment process has been initiated to identify
and evaluate internal and external candidates.

"After more than 14 years as CEO, I have reached a stage where I believe it is
time to begin planning for a new CEO for ÅF. Accordingly, I am taking this
initiative to give the Board of Directors as much notice as possible. I will
naturally continue to work to my fullest until my last day as CEO and
employee of ÅF," says Jonas Wiström.

"The plan is that once a new CEO has been appointed, Jonas Wiström will
resign, as of which date a six-month period of notice applies. Jonas Wiström
has also made clear that he is willing to be of service until such time as a
new CEO assumes the position, and to do everything possible to contribute to
a smooth transition. Jonas Wiström's approach in addressing this issue is a
testament to his strength as a leader and commitment to the best interests of
ÅF," says Anders Narvinger, Chairman of the Board.

Corporate Communication
ÅF AB (publ)

The information contained in this press release is such that ÅF AB (publ) is
required to disclose pursuant to the Securities Market Act and/or the
Financial Instruments Trading Act. The information was submitted for
publication on October 21 at 11.29 AM.

ÅF is an engineering and consulting company for the energy, industrial and
infrastructure markets, creating progress for our clients since 1895. By
connecting technologies we provide profitable, innovative and sustainable
solutions to shape the future and improve people's lives. Building on our
strong base in Europe, our business and clients are found all over the world.

ÅF - Innovation by experience

Press Release (PDF)
http://hugin.info/1253/R/2050519/767022.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: ÅF AB via Globenewswire

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