NCC sells property development project in Helsinki for SEK 200 million

NCC sells property development project in Helsinki for SEK 200 million NCC Property Development has sold the second phase of the property- development project at Mannerheimvägen, close to central Helsinki. The sales price is approximately SEK 200 million and the purchasers are three trade union organizations. The sale will yield a healthy development gain and will affect NCC's earnings for the second quarter of 2003. The second phase, which is now being sold, comprises 13,700 square meters, including 8,200 square meters of office space. The building is fully leased. The property, which has an attractive location on Mannerheimvägen, close to central Helsinki and about a 20-minute car journey from the airport at Vanda, is scheduled for completion at the beginning of summer 2004. The first phase was sold in December 2002 to Nordisk Renting. For further information, please contact: Jorma Ahokas, senior vice president NCC Property Development Tel +358 506 7390 Gisela Lindstrand, Press Relations Manager NCC AB Tel +46 8 585 52346 or +46 70 392 9500 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 2002 sales of SEK 45 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/2003/07/01/20030701BIT00130/wkr0001.doc http://www.waymaker.net/bitonline/2003/07/01/20030701BIT00130/wkr0002.pdf