NCC's Annual General Meeting to be held on April 7

NCC's Annual General Meeting to be held on April 7 The Annual General Meeting of NCC AB shareholders will be held on April 7, 2004 at the Grand Hotel in Stockholm. The Nomination Committee's proposals include the expansion of the Board through the addition of Ulf Holmlund, former President and Chief Executive Officer of LjungbergGruppen. The Nomination Committee elected by the Annual General Meeting proposes that Antonia Ax:son Johnson, Tomas Billing, Alf Göransson, Fredrik Lundberg, Anders Rydin and Marcus Storch be reelected and that Ulf Holmlund be newly elected to the Board. Accordingly, the Board will be expanded by one member. Ulf Holmlund, 56, is a graduate engineer. During 1983-2003, he was President and Chief Executive Officer of LjungbergGruppen AB and he is currently a member of this company's board. Ulf Holmlund has also been a board member of machinery rental company Altima AB. The Nomination Committee also proposes that Bo Ribers be reelected and Carl Lindgren be newly elected as the Company's auditors, and that Helene Willberg and Björn Flink be newly elected as the Company's deputy auditors. All of the auditors are Authorized Public Accountants from KPMG Bohlins AB. The election of auditors will be for a four-year period extending up to the 2008 Annual General Meeting. Shareholders representing more than 50 percent of the total voting rights in NCC AB propose that Viveca Ax:son Johnson, Johan Björkman and Erik Åsbrink be reelected and that Ulf Holmlund be newly elected as members of the Nomination Committee. It is proposed that Johan Björkman be chairman of the Committee. Since January 1, 2004, Ulf Holmlund has been Deputy CEO of the L E Lundberg Group and was President and Chief Executive Officer of Östgöta Enskilda Bank during 1992-2000. NCC's Board of Directors proposes that the Annual General Meeting approve a dividend of SEK 2.75 per share for the 2003 fiscal year. It is also proposed that the Articles of Association be amended, mainly in the form of adjustments to the limits for share capital and to the par value of the Company's shares. The Board proposes, firstly, that the Company's share capital be reduced by approximately SEK 1.8 billion by reducing the par value of the shares from SEK 25 to SEK 8, and, secondly, that the Company's legal reserves be reduced by about SEK 1.5 billion to SEK 174 million. The amount by which the legal reserves are reduced is to be transferred to a reserve to be utilized in accordance with a resolution from a General Shareholder Meeting. The change will entail that approximately SEK 3.3 billion will be transferred from restricted shareholders' equity to unrestricted shareholders' equity. For further information, please contact: Annica Gerentz, Investor Relations Manager NCC AB, Tel: +46 8 585 52204, or +46 70 398 4209 All of NCC's press releases are available on www.ncc.info NCC is one of the leading construction and property development companies in the Nordic region. NCC had in 2003 sales of SEK 45 billion, with 24,000 employees. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/03/08/20040308BIT20040/wkr0006.pdf