Acando : receives competition clearance for the acquisition of Connecta

Acando receives competition clearance for the acquisition of Connecta

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 offers 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").

Acando has now received the necessary competition clearance for completion of the Offer from relevant competition authorities. As a result, completion of the Offer is no longer conditional upon receipt of necessary clearance from authorities.

The last day for acceptance is Monday July 7, 2014. Duly completed acceptance forms shall be mailed and received by Evli Bank Plc no later than 17:00 (CET) on July 7, 2014.

Settlement will begin as soon as Acando has announced that all conditions for the Offer have been satisfied or that Acando has otherwise resolved to complete the Offer. Assuming that such an announcement is made no later than around July 11, 2014, settlement is expected to begin around July 14, 2014. Acando reserves the right to extend the acceptance period for the Offer, as well as the right to postpone the settlement date.

Information about the Offer, including offer document, is available at Acando's website (www.acando.com) and Evli's website (www.evli.com).

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 1, 2014.

For more information, please contact:

Ulf J Johansson, Chairman of the Board of Directors, Acando
Telephone: [phone]

Carl-Magnus Månsson, President & CEO, Acando
Telephone: [phone]

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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