NCC sells development property in Copenhagen for SEK 400 m.

11/24/2000 7:25 AM EST

NCC Denmark has signed an agreement with ATP Ejendomme A/S regarding the
sale of a development property at Langelinie in Copenhagen, Denmark, for
approximately SEK 400 m. The sale will generate a healthy development gain
for NCC.

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The transaction with ATP Ejendomme relates to the sale of a 13,000 m
property, with garage parking for 120 vehicles. Some 75 percent of the
property is leased to the Dragsted Schlüter Aros law firm. The office will
be ready for occupancy during 2002.

In May 1999, ATP Ejendomme A/S acquired the internationally acclaimed
property, Dahlerups Pakhus, on Langelinie, from NCC Danmark.

"ATP Ejendomme wishes to invest in solid, attractive properties. As a
result of its substantial investments at Langelinie, the company has
acquired some of the most outstanding properties in Copenhagen and we're
delighted that the property will be completed by NCC," comments Lars
Frederiksen, Managing Director at ATP Ejendomme A/S.

"This transaction is part of our strategy of offering investors
development projects in expanding markets in the Nordic region," says
Nikolaj Hertel, Managing Director, NCC Ejendomme.

Over the years since 1994, NCC Denmark has developed Langelinie, at
Copenhagen Harbor, into an exciting city district. The development
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consists of a total of 61,000 m of offices, retail premises and
residences with a total project value of SEK 1.7 billion, of which NCC
Denmark has completed work totaling SEK 1.25 billion on a turnkey contract
basis.

The sale will be included in NCC Real Estate's fourth-quarter earnings for
real estate development.

For further information, please contact:

Nikolaj Hertel, Managing Director, NCC Ejendomme (Tel: +45-45 90 37 03)
Lars Frederiksen, Managing Director, ATP Ejendomme A/S (Tel: +45-33 36 61
61)

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