NCC sales a hotel project in Linköping for SEK 143 M

NCC sales a hotel project in Linköping for SEK 143 M NCC has concluded an agreement with City Finansiering A/S of Norway regarding the sale of the Palmen hotel project in Linköping for SEK 143 M. The sale will generate a gain of SEK 12 M, which will be included in the NCC Group's earnings for the fourth quarter of 2001. The hotel project in the block Palmen has a prime location at Stångån in central Linköping. The hotel, which will be operated by Scandic Hotels, will have 220 rooms and also a restaurang and a conference section. NCC Property Development will be responsible for management of the property for a period of six years. The purchaser is City Finansiering A/S, a Norwegian investor that already owns hotels in Sweden. Takeover will occur on completion of the property, which is scheduled for May 2002. For further information, please contact: Stephan Ekstedt, Regional Manager, NCC Property Development, Tel: +46 31 771 5333, or +46 70 601 4181 Carmen Barbero Unenge, Sales Manager NCC Property Development Tel: +46 31 771 5336, or +46 70-539 9844 Gisela Lindstrand, Press Relation Manager Tel: +46 8 585 52346 or +46 70 392 9500 All of NCC's press releases are available on www.ncc.se NCC is one of the leading construction and property development companies in the Nordic region. NCC has annual sales of approximately SEK 40 billion, with 25,000 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/2001/11/09/20011108BIT01370/bit0003.doc http://www.waymaker.net/bitonline/2001/11/09/20011108BIT01370/bit0003.pdf