Announcement to the Copenhagen Stock Exchange

Today the Board of Per Aarsleff A/S has discussed and adopted the Quarterly Report for Q1 of the financial year 2006/2007. The Quarterly Report has not been audited or reviewed by the company’s auditors.

Result of Q1:

·         The quarterly result came to DKK 53 million before tax.

·         Consolidated revenue reached DKK 1,118 million.

·         Construction contributes a profit before interest at DKK 16 million.

·         Pipe Technologies contributes a profit before interest at DKK 15 million.

·         Piling contributes a profit before interest at DKK 28 million.

·         Cash flows from operating activities with deduction of investments constitute DKK 39.5 million.

Outlook for the financial year 2006/2007:

·         The outlook for 2006/2007 remains unchanged, i.e. a profit before tax at DKK 120 million.