SEK 800 million of NCC's surplus funds at SPP credited to secondquarter income

SEK 800 million of NCC's surplus funds at SPP credited to second-quarter income As previously announced, NCC's share of the surplus corporate funds of the Swedish Staff Pension Society (SPP) amounts to approximately SEK 1,020 million. SPP has now issued final instructions regarding how these funds may be utilized. NCC intends to use a considerable proportion of the surplus funds during the current year to amortize its pension liability to PRI (the Swedish Pension Registration Institute). Against this background, and in view of the fact that NCC will be able to utilize the remainder of the surplus funds during the next few years, SEK 800 million, after taking discounting into consideration, will be credited to income as early as during the second quarter of 2000. A definitive decision on how the funds are to be used will be made during the autumn. The decision could entail a faster use of the funds and thus an additional impact on earnings during the current year. If you have any questions, please contact: Björn Andersson, Vice President Business Control (Tel: +46-8-655 20 40) All NCC:s pressreleases can be found on www.ncc.se ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/29/20000629BIT00210/bit0001.doc http://www.bit.se/bitonline/2000/06/29/20000629BIT00210/bit0002.pdf