NCC sells housing project in Copenhagen for SEK 197 million

NCC Construction Denmark is selling a housing project in Copenhagen to K/S Teglholms Allé c/o Finansgruppen Erhverv A/S. The purchase price is approximately SEK 197 million, corresponding to DKK 165.6 million. The project will have a positive impact on NCC’s earnings and will be recognized in pace with the progress of construction.

The project consists of 122 apartments with ownership rights and the combined floor space amounts to 11,000 square meters. The property has an attractive location at Teglholmen in Copenhagen, a property block under rapid development in the form of many new apartments and offices. The area is situated by the water. Construction work will commence in April 2005 and the 122 apartments will be ready for occupancy in August 2006. For further information, please contact: Ulf Thorné, Press Relations Manager, NCC AB, Tel +46 8 585 523 46, +46 70 214 77 27