Per Aarsleff Holding — M&A Activity 2016

Jul 1, 2016

Copenhagen, 2016-07-01 12:12 CEST (GLOBE NEWSWIRE) -- Today, Per Aarsleff A/S
has signed a letter of intent with the pension company AP Pension about the
construction of 28,000 square metres of combined residential and commercial
construction in two large blocks of up to eight stories at the street Thomas B.
Thriges Gade in Odense. The building will be carried out as prefabricated
construction with brick and wood facades.

The project will be carried out by the Aarsleff Group’s companies Per Aarsleff
A/S and Hansson & Knudsen A/S in close collaboration with Arkitema Architects,
the consulting company Midtconsult Holding A/S and AP Pension.

The design phase will begin now and is expected to be completed when the design
and build contract is signed. The building activities are expected to begin in
mid-2018 and completed by the end of 2020. The contract is expected to have a
total value of about DKK 350 million.

The contract does not affect Aarsleff's earnings expectations for the financial
year 2015/2016.

Further information:
General Manager Ebbe Malte Iversen, tel. +45 8744 2222.