Per Aarsleff Holding — M&A Activity 2013

Jan 9, 2013

Copenhagen, 2013-01-09 12:13 CET (GLOBE NEWSWIRE) -- Today, Per Aarsleff A/S
entered into an agreement with City of Stockholm, Exploitation Office and Ports
of Stockholm for the construction of new harbour structures in the area
Värtahamnen which is part of the Ports of Stockholm.

The contract has a value of almost DKK 1 billion and is to be carried out
during the next four years.

The project is carried out to make land available for urban development in the
Swedish capital. The new Värtahamnen harbour is to be established in the
existing harbour basin and provide updated facilities for the ferry operations
from Stockholm and to the countries around the Baltic Sea. When ferry
operations have moved to the five new quay berths, the old harbour area will be
developed into a new urban area with office facilities, shops and residential
units.

”We are pleased that we will be collaborating with Aarsleff on this important
and extensive project to allow a joint expansion of Ports of Stockholm and the
city of Stockholm. Aarsleff is a big international group with renowned
competencies in marine construction”, says Per-Ling Vannerus project manager of
Ports of Stockholm.

The project primarily comprises construction of a bridge deck on pile
foundations, and the plan is to produce the precast concrete units for the
bridge deck in Aarsleff’s facilities in Swinoujscie in Poland.

Aarsleff has chosen Cowi to carry out the design work. Moreover, the intention
is that Aarsleff will engage in a working relationship with E. Pihl & Søn A.S.
concerning the implementation of the project.

The order does not affect Aarsleff’s expectations for the financial year
2012/2013.

Further information:
General Manager Ebbe Malte Iversen, Per Aarsleff A/S, tel. +45 8744 2222.