NCC’s Annual General Meeting on April 4

NCC’s Annual General Meeting resolved to pay an ordinary cash dividend of SEK 4.50 per share and to pay an extraordinary dividend of SEK 10.00 per share. The Meeting also authorized the Board to repurchase NCC shares.

NCC’s Annual General Meeting resolved to pay an ordinary cash dividend of SEK 4.50 per share and to pay an extraordinary dividend of SEK 10.00 per share. The Meeting also authorized the Board to repurchase NCC shares. The outlook for the construction and real estate sector was described in President and Chief Executive Officer’s Alf Göransson’s address to the Meeting: “The Nordic construction market is growing at an ever increasing pace, and we are keeping pace with it. We believe the prospects for the construction industry are bright in the years immediately ahead, mainly as a result of an increase in residential construction, but also in infrastructure and civil engineering construction.” In his address, the background to the increased dividend was also explained: “The Group’s net indebtedness was reduced from SEK 4.9 billion to SEK 0.7 billion during 2004. This means that NCC is currently financially stronger than it has been for many years. The improved financial position also provided scope for paying the extraordinary dividend.” NCC’s Annual General Meeting approved the Board of Directors’ proposal to pay an extraordinary dividend of SEK 10.00 per share in addition to the ordinary cash dividend of SEK 4.50 per share per share. The record date for receipt of dividends was set at April 7. Accordingly, the dividends will be sent from VPC (securities register center) on April 12, 2005. The Meeting also decided to authorize the Board, prior to the next Annual General Meeting, to repurchase a maximum of 10 percent of the total number of NCC shares. The shares are to be purchased on Stockholm Stock Exchange at prices within the registered span of share prices at each particular purchase occasion. The reasons for the repurchases are to provide the Board with an opportunity to adjust the Company’s capital structure and to cover the Company’s commitments under the options program for senior NCC executives. The Company has previously repurchased 1.4 percent of the total number of issued shares. With the support of the authorization, the Company will be able to repurchase a further 8.6 percent. In accordance with a motion from the Nomination Committee, the Meeting re-elected Antonia Ax:son Johnson, Tomas Billing, Alf Göransson, Ulf Holmlund, Fredrik Lundberg, Anders Rydin and Marcus Storch to the Board, with Tomas Billing as Chairman of the Board and Fredrik Lundberg as Deputy Chairman. The Meeting re-elected Viveca Ax:son Johnson, Johan Björkman (chairman), and Erik Åsbrink as members of the Nomination Committee. Mats Lagerqvist, President of Robur AB, was elected new member of the Nomination Committee. At the statutory meeting of the Board of Directors held directly after the Annual General Meeting, it was decided, based on the authorization received from the Meeting, to repurchase a maximum of 10 percent of the total number of NCC shares. For further information, please contact: Annica Gerentz, SvP Corporate Communications, NCC Group, +46 8 585 522 04