NCC's Annual General Meeting

NCC's Annual General Meeting Dividend of SEK 2.50 (1.50) per share Spin-off of NCC's holding of Series A Hufvudstaden shares Forceful measures to boost profitability In his address to NCC's Annual General Meeting in Stockholm, the Company's President, Jan Sjöqvist, explained that 1998 had been a highly favorable year for NCC. Earnings improved by SEK 650 million to SEK 730 million (74) and it became apparent that the coordination gains from the merger with Siab have been realized. The trend for several key figures was positive during 1998. Earnings per share, after full tax, improved to SEK 5 (loss: 1.60) and the return on visible shareholders' equity improved to 6 (2) percent. Jan Sjöqvist presented to the Meeting the main points in NCC's strategy to further boost the Group's profitability. NCC is to participate actively in the current restructuring of the industry. Growth is to be achieved through such measures as expansion in the emerging nations around the Baltic Sea. NCC aims to control more levels of the value chain, which will involve a focus on residential construction based on the Company's total-package concept, on project development and on so-called BOT (build, operate and transfer) projects, which entail privately financed infrastructure assignments. The strategy also includes specialization in submarkets where NCC can provide higher added value, such as telecom, bedrock and bridge assignments, as well as building services, with the overall aim of improving profit margins. The Meeting approved the Board of Directors' proposal that a dividend of SEK 2.50 (1.50) per share be paid for the 1998 fiscal year. The record date for dividends was set at April 20, 1999. Dividends will be sent to shareholders via VPC (the Swedish Securities Register Center) on May 5, 1999. The Meeting also approved the Board's proposal that NCC's holding of Series A Hufvudstaden shares, which have a value of SEK 3 per NCC share, be spun off to shareholders. The Meeting re-elected Hans Larsson, Fredrik Lundberg, Jacob Palmstierna, Carl Wilhelm Ros, Jan Sjöqvist, Marcus Storch and Per Welin to the Board of Directors. Antonia Ax:son Johnson and Tomas Billing were elected new members of the Board. At the statutory meeting of the Board of Directors held directly after the Annual General Meeting, Hans Larsson was elected Chairman of the Board. Tomas Billing and Fredrik Lundberg were elected Deputy Chairmen. For further information, please contact: Bo Friberg, Senior Vice President - Business Control (Tel: +46-8-655 23 53) Hans-Olof Karlsson, Senior Vice President - Corporate Communications (Tel:+46-8-655 22 79) ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/04/15/19990415BIT00140/bit0001.doc http://www.bit.se/bitonline/1999/04/15/19990415BIT00140/bit0002.pdf