THIS PRESS RELEASE MAY NOT, DIRECTLY OR INDIRECTLY, BE PUBLISHED OR DISTRIBUTED TO OR WITHIN  AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SOUTH AFRICA OR THE U.S. THE OFFER IS NOT  BEING MADE TO PERSONS IN THESE COUNTRIES OR PERSONS IN ANY OTHER COUNTRY WHERE THEIR  PARTICIPATION WOULD REQUIRE FURTHER DOCUMENTATION, FILING OR OTHER MEASURES IN ADDITION TO  WHAT IS REQUIRED BY SWEDISH LAW.

Acando AB (publ) ("Acando") announced on June 9, 2014, by way of a press release, a recommended public offer to the shareholders of Connecta AB (publ) ("Connecta"). Acando offered the shareholders of Connecta that for every three (3) outstanding shares in Connecta receive ten (10) new shares of series B in Acando (the "Offer").

As announced on July 11, 2014, by way of a press release, Acando controlled, by the expiry of the initial acceptance period and after completion of the Offer, in total 9,375,954 shares, including the 1,091,079 shares in Connecta which the principal shareholders in Acando, along with a third party, acquired from Connecta's principal owner TIKK2 AB, corresponding to approximately 90.3 per cent of the shares and votes in Connecta. The acceptance period was extended until July 21, 2014 at 17:00.

The extended acceptance period has now expired and the acceptance period will not be further extended. During the extended acceptance period, with the exception of the 1,091,079 shares in Connecta which the principal shareholders in Acando, along with a third party, acquired, an additional 291,843 shares were tendered in the Offer, corresponding to approximately 2.8 per cent of the shares and votes in Connecta. By virtue of the Board of Director's resolution on July 10, 2014 to issue new shares, an additional 4,609,740 shares of series B in Acando will be allotted as consideration to the shareholders in Connecta who accepted the Offer during the extended acceptance period.

Acando has not acquired any shares in Connecta outside the Offer and holds after the expiry of the extended acceptance period 9,667,797 shares in total, corresponding to approximately 93.1 per cent of the shares and votes in Connecta.

Settlement to the shareholders in Connecta who accepted the Offer during the extended acceptance period is expected to commence on July 28, 2014. Trading in the shares of series B in Acando issued as consideration in the Offer commences on NASDAQ OMX Stockholm in connection with settlement of the shares. Only whole shares of series B in Acando will be issued as consideration in the Offer. Fractions of shares of series B will be sold on NASDAQ OMX Stockholm on behalf of the VPC Account holders and disbursement of sale proceeds is intended to occur in connection with the settlement of shares.

As Acando holds more than 90 per cent of the shares in Connecta, Acando intends to initiate a compulsory acquisition procedure to acquire all remaining shares in Connecta in accordance with the Swedish Companies Act (Sw. Aktiebolagslagen (2005:551)). In connection therewith, Acando intends to promote a delisting of the Connecta share from NASDAQ OMX Stockholm.

Acando discloses the information provided herein pursuant to the Securities Markets Act (2007:528) and the Takeover rules. The information was submitted for publication at 08:00 (CET) on July 24, 2014.

For more information, please contact:
Ulf J Johansson, Chairman of the Board of Directors, Acando Telephone: +46 8 699 70 00
Carl-Magnus Månsson, President & CEO, Acando Telephone: +46 8 699 73 77

Acando in short
Acando is a consultancy company that in partnership with its clients identifies and implements sustainable business improvements through information enabled by technology. Acando approximately employs 1,100 professionals in 19 offices in Sweden, Germany, Norway, Finland and the UK. With Acando's core values - Team spirit, Passion and Results - Acando sees the entirety and understands the relationship between business and IT. Acando's annual turnover is about SEK 1.5 billion and Acando is listed on the NASDAQ OMX Stockholm, Small Cap.
For more information, please visit www.acando.se.

Connecta in short
Connecta is a consulting firm that achieves sustainable business change and sharpens client competitiveness. The focus is on making issues on management agendas happen; from strategy to execution and lasting results. The firm's consultants combine business strategy and execution power in Management Consulting, Enterprise Consulting and Digital Consulting with sector know-how and skills in new technology segments. Connecta works closely with its group companies: Tarento for application management and bestshoring, Techta for infrastructure expertise and Titan IT for IT competence maintenance. Apoteket, Ericsson, ICA and TeliaSonera are some of Connecta's largest clients. In 2013, Connecta had sales of SEK 724 million. The firm's shares are listed on NASDAQ OMX Stockholm, Small Cap. For more information, please visit www.connecta.se.

Important information
The Offer is not being made to persons whose participation in the Offer requires that an additional offer document or prospectus is prepared or registration effected or that any other measures are taken in addition to those required under Swedish law.

This press release and any related offer documentation are not being distributed and must not be mailed or otherwise distributed or sent in or into any country in which the distribution or offering would require any such additional measures to be taken or would be in conflict with any law or regulation in such country. Acando will not allow or accept such distribution. Any purported acceptance of the Offer resulting directly or indirectly from a violation of these restrictions may be disregarded.

The Offer is not being made, directly or indirectly, by use of mail or any other means or instrumentality (including, without limitation, facsimile transmission, electronic mail, telex, telephone and the internet) in or into Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the U.S., and the Offer cannot be accepted by any such use, means, instrumentality or facility of, or from within Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the U.S. Accordingly, this press release and any related offer documentation are not being and should not be mailed or otherwise distributed, forwarded or sent in or into Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the U.S.

Acando will not deliver any consideration from the Offer in or into Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the U.S.

This press release is not being, and must not be, sent to shareholders with registered addresses in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the U.S. Banks, brokers, dealers and other nominees holding shares for persons in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or the U.S. must not forward this press release or any other document received in connection with the Offer to such persons.

This press release has been published in Swedish and English. In the event of any discrepancy in content between the language versions, the Swedish version shall prevail.

Forward-looking statements
Statements in this press release relating to future status or circumstances, including statements regarding future performance, growth and other trend projections and the other benefits of the Offer, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as "anticipates", "intends", "expects", "believes", or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of Acando.


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