MT Højgaard Holding

Report Publication Announcement • Feb 16, 2017

The board of directors of Højgaard Holding A/S has today considered and
approved the annual report for 2016, which follows below in its entirety and
with the following summary.

Summary

-- In 2016, the Højgaard Holding group realised revenue of DKK 76 million. The
operating profit of DKK 10 million is on a level with 2015.
-- The Højgaard Holding group recorded a profit before tax of DKK 1 million,
which is approx. DKK 100 million down on last year’s profit. The group’s
profit before tax is negatively affected in particular by the lower result
in the MT Højgaard group, in which the Højgaard Holding group’s share this
year amounted to a loss of DKK 7 million compared to a profit of DKK 99
million last year.
-- The Højgaard Holding group recorded a loss after tax of DKK 1 million
compared to a profit of DKK 103 million in 2015.
-- The jointly controlled enterprise MT Højgaard (in which Højgaard Holding
A/S holds a share of 54 %) recorded an operating profit before and after
special items of DKK 73 million, compared to a profit of DKK 352 million
for 2015. The result after tax (before minority interests) amounted to a
profit of DKK 10 million for the year, compared to a profit of DKK 290
million for 2015. The result for 2016 is negatively affected by postponed
project start-ups and too low capacity utilisation, write-down on an
infrastructure project and reorganisation in Scandi Byg, write-down on
individual projects at the end of the year and write-down of the tax asset.
-- For 2017, the MT Højgaard group expects revenue around DKK 7.2 billion and
an operating profit before special items at the level of DKK 150 - 200
million.
-- For 2017, in addition to our share in the MT Højgaard group’s profit after
tax and minority interests of 54 % the Højgaard Holding group expects a
small positive result before tax.
-- No distribution of dividends for 2016 will be proposed.

The annual report for 2016 of the MT Højgaard group, which we have just
published, and the annual report for 2016 of Højgaard Holding A/S are available
for download at the company’s website www.hojgaard.dk

Best regards,
Højgaard Holding A/S
Søren Bjerre-Nielsen Ditlev Fløistrup
Chairman of the board CEO

     Contacts: Torben Biilmann, CEO, MT Højgaard, tel. +45 2270 9020
     Ditlev Fløistrup, CEO, Højgaard Holding, tel. +45 4520 1500
     Søren Bjerre-Nielsen, chairman of the board, Højgaard Holding, tel.

+45 4520 1500