Announcement to the Copenhagen Stock Exchange

Today, the Board of Directors of Per Aarsleff A/S has discussed and approved the Interim Report for the first quarter of the financial year 2008/2009. The Interim Report has not been audited or reviewed by the company’s auditors.

First quarter results:

• The profit before tax came to DKK 90 million and exceeds expectations at the beginning of the financial year.
• Consolidated revenue reached DKK 1,346 million.
• Construction contributed profit before interest of DKK 47 million.
• Pipe Technologies contributed profit before interest of DKK 23 million.
• Piling contributed profit before interest of DKK 27 million.

Outlook for the financial year 2008/2009:

• Despite the good first quarter results, the company maintains its expectations for a profit before tax of DKK 200 million for the financial year 2008/2009 as a result of the Piling segment’s downwards adjustment of its expectations to the rest of the financial year. Furthermore, it is underlined that the economic crisis continues to be a considerable element of uncertainty.