Announcement to The Copenhagen Stock Exchange

The Danish contracting Group Per Aarsleff A/S has entered into a contract on rehabilitation of the main sewer system in Colombo, the capital of Sri Lanka.

The DKK 148 million contract concerns trenchless pipe rehabilitation of nearly ten kilometres of sewer pipeline, establishment of one new pumping station and renovation of an existing pumping station.

The pipe system consists of circular and egg-shaped pipes dimensioned 450 mm and 1830x1220 mm respectively. The rehabilitation methods applied will include traditional CIPP lining as well as lining with prefabricated glass fibre elements.

The contract is financed by Danida and is the first under Danida’s mixed credit programme in Sri Lanka. The client is The National Water Supply and Drainage Board and Aarsleff is to implement the project over a period of 32 months, scheduled for commencement in the spring of 2005.

The outcome of the project is included in the forecasted result for the financial year 2004/2005 as announced on 16 December 2004.

For further information, please contact General Manager Ebbe Malte Iversen, tel. +45 8744 2222.

The contract has been in the pipeline for a long time. As such, the project has no immediate relation to the catastrophe that happened in Southeast Asia – including Sri Lanka – on 26 December 2004.