Studsvik secures major UK decommissioning contract

Studsvik has secured a major decommissioning project at the
Sellafield site in Cumbria. Studsvik has been awarded an early
mobilisation contract to provide to design and build a new facility
to manage waste associated with a Sellafield waste facility. The
current contract is valued at GBP 2 million for the next three months
pending main contract award. The overall expected contract value to
Studsvik will exceed GBP 14 million over two years.

Under the existing framework contract with Sellafield's Tier 1
contractor British Nuclear Group, Studsvik has received an initial
contract to mobilise. The main contract will be finalised during May
2007, subject to formal signing at that time. The full contract will
be undertaken under a target price arrangement with management fee
and is valued at GBP 14 million, over two years."This is a significant win for Studsvik in the emerging UK
decommissioning market. It demonstrates the confidence which British
Nuclear Group places in Studsvik to deliver this key project,"
comments Magnus Groth, CEO of Studsvik AB."This project together with our other success in the UK market sees a
significant growth in the size of our business in the UK" says Mark
Lyons, President of Studsvik UK Limited.

The facility was constructed in 1951, and has been used to house the
interim storage of beta/gamma waste into eight shielded cells. The
facility ceased to receive waste from 1996.

Studsvik will build a new Waste Retrieval Facility over the eight
cells. Waste will be retrieved from the cells and volume reduced
before the waste is placed into liners for disposal as either ILW or
LLW (Intermediate or Low Level Waste).

British Nuclear Group is the Tier 1 Contractor responsible to the UK
Nuclear Decommissioning Authority (NDA) for the operation,
maintenance and clean-up of the Sellafield site. Current and previous
activities on the site include nuclear power generation, spent fuel
reprocessing, waste storage and treatment.

For further information, please contact:
Magnus Groth, President and CEO, Studsvik AB, tel: +46 155 22 10 86
or cell phone: +46 709 67 70 86
Mark Lyons, President, Studsvik UK Limited, tel: +44 191 482 7102
or cell phone: +44 7879 491 011

Facts about Studsvik
Studsvik is a leading service supplier to the international nuclear
industry. The company has almost a half century's experience of
nuclear technology and radiological services. Studsvik addresses a
market in strong growth with specialized services in four Strategic
Business Areas: Waste Treatment, Decommissioning, Operating
Efficiency and Service and Maintenance and. Studsvik has 1,200
employees in 7 countries and the company's shares are listed on the
Nordic Stock Exchange, Stockholm, MidCap.