Announcement to NASDAQ Copenhagen A/S

Today, the Board of Directors of Per Aarsleff A/S has discussed and approved the audited Financial Statements of the Company for 2010/2011.

Profit for the year:

• The profit for the year came to DKK 133 million before tax.
• Consolidated revenue reached DKK 6,147 million.
• Construction reported profit before interest of DKK 27 million.
• Pipe Technologies reported profit before interest of DKK 38 million.
• Piling reported profit before interest of DKK 88 million.
• Cash flows from operating activities with deduction of investments constituted
  a negative liquidity flow of DKK 98 million.
• The Board of Directors recommends that the dividend remains unchanged at
  DKK 4.80 per share. This corresponds to DKK 11 million.

Outlook for the financial year 2011/2012:

• The outlook for the coming financial year is for a profit before tax at DKK 180 million.