MT Højgaard Holding

Report Publication Announcement • Mar 14, 2012

The board of directors of Højgaard Holding A/S has today considered and
approved this annual report 2011, which follows in its entirety in Danish and
with the following summary in English. Further, at the end of the PDF file MT
Højgaard A/S´ annual report 2011 in English is included.

Summary

-- The Højgaard Holding group’s revenue was DKK 5.1 billion, which is in line
with the most recent outlook and up 12 % on 2010.
-- The MT Højgaard group recorded a loss before tax of DKK 335 million,
compared to a profit of DKK 100 million in the previous year, and the
pre-tax margin amounts to -3.6 % compared to 1.2 % in 2010 and is
significantly less than the most recent outlook in the region of 0 % to -1
%. During the final phase of the financial reporting process, the risks on
a number of projects have been reviewed. The review has led to a need for
further provisions to be made. The loss can primarily be attributed to
unsatisfactory earnings in the parent company’s two business units Civil
Engineering and Construction. Initiatives have been taken in order to
substantially strengthen their contribution to results.
-- The Højgaard Holding group recorded a total loss before tax of DKK 170
million, compared to a profit of DKK 66 million in the previous year. The
pre-tax margin amounts to -3.3 % compared to 1.5 % in 2010 which is
significantly less than the most recent outlook in the region of
0 % to -1 %.
-- The Højgaard Holding group recorded a loss after tax of DKK 133 million,
compared to a profit of DKK 42 million in 2010.
-- For 2012 is expected a revenue on a par with 2011 and a positive pre-tax
margin.
-- No distribution of dividends for 2011 will be proposed.

Best regards,
Højgaard Holding A/S
Helge Israelsen Berit Lovring
Chairman of the board CEO

     Contacts:
     Berit Lovring, CEO, Højgaard Holding A/S, tel. (+45) 4520 1507
     Jørgen Nicolajsen, acting president and CEO, MT Højgaard A/S, tel.

(+45) 2270 9263
Helge Israelsen, chairman of the board, Højgaard Holding A/S, tel.
(+45) 4520 1503