Announcement to The Copenhagen Stock Exchange

On 27 January 2006 the Annual General Meeting of Per Aarsleff A/S adopted the Annual Report for 2004/2005, including a proposed dividend at 12% of the share capital.

It was decided to authorise the Board of Directors, until the next annual general meeting, to allow the company to purchase own shares within a total nominal value at 10% of the company share capital, cf. the Danish Financial Statements Act, Section 48. Payment shall not be allowed to deviate by more than 10% from the closing price registered by the Copenhagen Stock Exchange at the time of purchase.

It was decided to amend the Articles of Association such that in the future the company has one auditor only, implying the following amendment of Section 15 of the Articles of Association: ”The company in general meeting shall elect one state-authorised public accountant for one year at a time to audit the annual accounts of the company. This auditor may be re-elected.”

The Board of directors was re-elected and consists of:

Palle Svejstrup – Chairman of the Board

Jens Bigum

Carsten Fode

Niels S. Møller

Boris Andersen(elected by the employees)

Leif Endersen (elected by the employees)

Jens M. Jørgensen (elected by the employees)

PricewaterhouseCoopers Statsautoriseret Revisionsaktieselskab was appointed as auditors.

No other material information, which has not already been disclosed, was presented at the Annual General Meeting.