New Financial Director at NCC


SOLNA, Sweden, June 11, 2003 (PRIMEZONE) -- Ann-Sofie Danielsson has been appointed new Financial Director and member of the Executive Management Group at NCC. In conjunction with this appointment, the current CFO, Bjorn Andersson, will leave the NCC Group.

"As part of the ongoing process aimed at reducing costs within the NCC Group, we are studying every opportunity to simplify the organization. The change currently under way in the Business Control function will result in shorter decision-making routes," said Alf Goransson, NCC's President and Chief Executive Officer.

Ann-Sofie Danielsson is currently in charge of Financial & Business Control within NCC and, in her new position, will report directly to the CEO and be responsible for the Corporate Business Control & IT functions. Staffan Bennerdt, Vice President Finance, will retain responsibility for the Corporate Finance function but will now be immediately subordinate to the Chief Executive Officer.

For further information, please contact: Alf Goransson, President and CEO NCC AB, Tel +46 8 585 51150

See www.ncc.info for a photograph of Ann-Sofie Danielsson.

All of NCC's press releases are available on www.ncc.info

NCC is one of the leading construction and property development companies in the Nordic region. NCC had sales of SEK 45 billion in 2002, with 25,000 employees.

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http://www.waymaker.net/bitonline/2003/06/11/20030611BIT00330/wkr0001.doc

http://www.waymaker.net/bitonline/2003/06/11/20030611BIT00330/wkr0002.pdf