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 2005/2006.

Summary

The quarterly result came to DKK 46.5 million before tax against DKK 39.2 million of the previous year. The outlook for 2005/2006 is for a profit before tax at DKK 106 million against a previously announced DKK 100 million. The change is the effect of applying the new IFRS accounting rules as well as changed accounting estimates relating to depreciation.