NCC sells its share of shopping mall in Spain for SEK 500 million

12/22/2000 3:53 AM EST

NCC Real Estate, Banco Bilbao Vizcaya and Continente are selling a
shopping mall in Zaragoza, Spain, to Klépierre of France for SEK 500
million. The sale will generate a capital gain of SEK 42 million for NCC.

The Augusta shopping mall, which is located in Zaragoza, comprises 25,000
square meters of floor space and was opened in 1995. The shopping mall is
fully leased and commercially successful.

NCC Real Estate owns 31 percent of Sicione S.A., the company that owns the
shopping mall. The other partners are Banco Bilbao Vizcaya and Continente.

"The sale is in line with NCC Real Estate's strategy of selling fully
developed properties to investors," says Magnus Mannesson, President of
NCC Real Estate.

The sale of Sicione marks the end of NCC Real Estate's activities in
Spain.

The Augusta shopping mall (Sicione S.A.) is booked among participations in
associated companies and the gain on the sale will be included in NCC Real
Estate's fourth-quarter earnings.

For further information, please contact:
Magnus Mannesson, President, NCC Real Estate (+46-8-655 22 75 or +46-70-
512 18 90)

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