NCC will not raise offer price to Selmer ASA shareholders

NCC will not raise offer price to Selmer ASA shareholders After having conducted constructive discussions with the largest shareholders in Selmer ASA, NCC AB was prepared to raise its offer to Selmer ASA shareholders to NOK 105 per share in cash. A prerequisite for the offer from NCC was that Selmer ASA's management and board of directors showed support for the acquisition. Following a dialog with Selmer ASA's management, NCC concluded that Selmer's management was not willing to support the acquisition, even if the offer price was raised to NOK 105 per share. Accordingly, NCC does not intend to raise the offer price, or to extend the offer period. NCC does not now expect to attain the targeted level of acceptance from Selmer ASA shareholders who represent 90 percent of the share capital in the company. For further information, please contact: Jan Sjöqvist President and Chief Executive Officer of NCC (Tel: +46-8-655 22 78). ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/12/20/19991220BIT00770/bit0001.doc http://www.bit.se/bitonline/1999/12/20/19991220BIT00770/bit0002.pdf