Announcement to the Copenhagen Stock Exchange

Aarsleff has entered into a contract for the rehabilitation of 13 kilometres of existing sewer pipes in Riga. The contract has a value of DKK 80 million. The project is the largest of its type so far in Latvia and is financed by the EU.

Through the past eleven years, Aarsleff has worked with water supply and wastewater projects in the Baltic countries.

The contract does not give rise to a change in the outlook for the profit for the financial year that ends on 30 September 2008.