Opcon: Interim Report January–March 2014

Regulatory News:

OPCON AB (PUBL)(STO:OPCO), THE ENERGY AND ENVIRONMENTAL TECHNOLOGY GROUP

Significant reduction in loss – path to profit is clearly marked

· Significant reduction in loss (earnings after tax), SEK –6.1 million (–14.1 m)

· Non-recurring costs impacted on earnings by a total of SEK –5.3 million in Q1 including costs for closure of activities in Åmål

· Operating loss excluding non-recurring costs, SEK –0.6 million (–9.4 m)

· Savings programme now being implemented will cut annual costs by around SEK 30 million

· Directed placement of shares with Snowman reinforces collaboration and raises SEK 17.1 million

Q1, January-March 2014, remaining business

· Net sales amounted to SEK 67.3 million (74.0 m)

· Operating loss (EBIT) was SEK –5.9 million (–9.4 m)

· Operating loss excluding non-recurring costs, SEK –0.6 million (–9.4 m)

· Loss after tax of SEK –6.1 million (–14.1 m)

· Earnings per share SEK –0.02 (–0.05)

Important events after the end of the period

· Saxlund wins major bioenergy order in the UK worth around SEK 35 million, commissioning to start in 2015

The information in this report is such that Opcon is obliged to disclose in accordance with Swedish securities markets law and/or Swedish law on trading in financial instruments. This information was released for publication on Tuesday 6 May 2014, at 15.00 (CET).

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