NCC Group

Capital/Financing Update • Sep 24, 2019

Press Release

24 september, 2019 No. 13/2019

NCC issues green corporate bonds

For the first time, NCC is offering capital markets the opportunity to invest in green projects by issuing green bonds with a total value of SEK 1.6 billion. The invested capital will finance green investments in primarily sustainable commercial property development and the transition in asphalt production to renewable energy sources.

"Interest in our green bonds has been very high, which is gratifying and the successful issuance confirms the capital market's confidence in NCC's financial strength," says Susanne Lithander, CFO of NCC.

Bonds at a value of SEK 1.6 billion with a duration of three and five years respectively were issued on 23 September was issued on September 23 with settlement day on September 30, 2019.

"This issue enables us to diversify our investor base to also encompass green investors and integrate sustainability with our finance strategy. The proceeds will be used exclusively to finance green projects," says Charlotte Z. Lindstedt, Head of Group Treasury at NCC.

NCC is working with a number of sustainable property development projects and the reuse of materials at its construction sites. Furthermore, the Group is transitioning its asphalt plants from heating oil to renewable energy sources, such as pellets.

The green framework for the bonds has been verified by the Centre for International Climate and Environmental Research (CICERO), an independent research centre with centre associated with the University of Oslo, Norway. The green framework has been classified as "medium green".

SEB was the lead manager of the transaction and also served as advisor on the green bond framework.

For further information, please contact:

Charlotte Z. Lindstedt, Head of Group Treasury, NCC, +46 (0)70 545 20 54 Anna Trane, Head of Corporate Media Relations, NCC +46 (0)708 84 74 69

NCC's media line +46 (0)8 585 519 00, E-mail: press@ncc.se, NCC's Media bank

This information is information that NCC AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 a m CET on September 24, 2019.

About NCC. Our vision is to renew our industry and provide superior sustainable solutions. NCC is one of the leading companies in the Nordics within construction, infrastructure and property development, with sales of SEK over 57 billion and 16,500 employees in 2018. The NCC share is listed on NASDAQ Stockholm.

NCC AB (publ.)

SE-170 80 Solna

Visiting address Vallgatan 3 SE-170 67 Solna

Phone +46 8 585 510 00 Fax +46 8 85 77 75 www.ncc.se

Reg.no 556034-5174 Solna, Sweden VAT no SE663000130001