SAAB AB Renews Framework Agreement with Semcon Until 2007

STOCKHOLM, Sweden--Dec. 2, 20053, 2005--Semcon's (STO:SEMC) framework agreement as preferred supplier to SAAB has been extended for a further two years. It now includes in the first instance project management, mechanical construction, calculations and electronic construction. The agreement applies for all companies in the SAAB Group and currently covers 25 consultants on an annual basis.

"Semcon has had a close partnership with Saab for 20 years. We have mainly supplied competence in construction and calculations. Being entrusted to carry on our partnership and also increasing our services is confirmation for us that our overall range in product development is attractive," says Goran Westberg, sector manager for Semcon's business area Industry. "We have also received a positive reaction from Saab who think it's a strong advantage that we have local offices near their development centres."

Concentration on the aerospace industry

Besides Saab Semcon also cooperates with other players in the aerospace industry: Volvo Aero, Airbus, Rolls Royce and Boeing.

"This agreement is also an important step in our continued concentration on the aerospace industry," explains Goran. "The aerospace industry is a growth sector with development-intense and cross-border cooperation where Semcon's network and strong overall range can positively contribute to our customers' development projects."

Semcon is an internationally leading design and development company, with around 1,500 employees and sales in 2004 of SEK 1.3 billion. Semcon's consultants develop products, processes and people. The combination of good growth over 25 years and well-established relationships with leading industrial groups provides a strong base for continued success. Semcon AB (publ) is listed on the Attract 40-list of the Stockholm Stock Exchange and is currently active in Sweden, Australia, China, Denmark, Hungary, Malaysia, Norway and the UK and, via partners, in Belgium, France, Greece, the Netherlands, Philippines, Portugal and Spain. ----------------------------------------------------------------------

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