Announcement to the Copenhagen Stock Exchange

Today, the Board of Per Aarsleff A/S has discussed and approved the audited Financial Statements of the Company for 2007/2008.

Profit for the year:

• The profit for the year came to DKK 280 million before tax.
• Consolidated revenue reached DKK 5,327 million.
• Construction contributes a profit before interest at DKK 167 million.
• Pipe Technologies contributes a profit before interest at DKK 4 million.
• Piling contributes a profit before interest at DKK 130 million.
• Cash flows from operating activities with deduction of investments constitute a positive liquidity flow of DKK 74 million.
• The Board of Directors recommends that the dividend remains unchanged at 24% or DKK 4.80 per share. This corresponds to DKK 11 million.

Outlook for the financial year 2008/2009:

• The outlook for the coming financial year is for a profit before tax at DKK 200 million.