Announcement to the Copenhagen Stock Exchange

Today the Board of Per Aarsleff A/S has discussed and adopted the company’s report for the first six months of the financial year 2005/2006.The Interim Report has not been audited or reviewed by the company’s auditors.

Result of the first six months:

• The interim result came to DKK 51 million before tax.
• Consolidated revenue reached DKK 1,820 million.
• Construction contributes a profit before interest at DKK 4 million.
• Pipe Technologies contributes a profit before interest at DKK 31 million.
• Piling contributes a profit before interest at DKK 23 million.
• Cash flows from operating activities with deduction of investments constitute DKK 17 million.

Outlook for the financial year 2005/2006:

• The development of the first six months does not cause a change in the outlook for a profit for the year at DKK 106 million before tax as previously announced.