NCC and MKB in transaction that will provide 300 new rental apartments in Malmö

NCC has been commissioned by MKB Fastighets AB to develop two new blocks of
rental apartments in the Limhamn city district of Malmö. The transaction,
whereby NCC will sell land to MKB and then build some 300 rental apartments, is
valued at SEK 528 million. The project will be recognized among orders in the
fourth quarter of 2014.
MKB will acquire the land from NCC and, concurrently, contract NCC to develop
300 rental apartments with garage space at basement level.

The housing units will be built in two new blocks in the Limhamn city district
of Malmö. The buildings, which will be of heights between four and eight
stories, will be constructed around courtyards and their facades will blend in
with the area’s surroundings and traditional brickwork. The apartments will
range from studios to four-bedroomed units, with an emphasis on space-efficient
floor plans.

“The need for rental units in Malmö is substantial and this transaction will
generate a welcome addition of modern rental apartments in an attractive
location. From a wider perspective, a project of this nature will create chains
of relocations which, in turn, will provide potential for new housing for many
Malmö residents,” says Svante Hagman, President of NCC Construction Sweden.

The project is being developed on an old industrial site that has been
remediated, thereby creating new land for housing use in an area of Malmö where
demand for housing is high.

Project engineering for the buildings will start immediately and the first
apartments are scheduled to be ready of occupancy by mid-2016. The blocks will
be completed by 2018.

The land transfer and profit will be reported under the NCC Housing business
area in conjunction with the project being recognized among orders in the fourth
quarter of 2014. The construction portion will be recognized in profit on a
percentage-of-completion basis under NCC Construction Sweden. The construction
contract is worth a total of SEK 435 million and the land transaction SEK 93
million.
For further information, please contact:

Jörgen Christiansson, Business Manager, NCC Construction Sweden +46 (0)41 19 75
22
Stefan Timan, Head of Business Development, NCC Boende +46 (0)8 585 530 01
Anna Trane, Press & PR Manager, NCC AB Construction Sweden +46 (0)70 884 74 69

NCC’s media line +46 (0)8 585 519 00, e-mail: press@ncc.se, NCC’s image
bank (http://www.ncc.se/sv/OM-NCC/Press-och-media/Bildbank/)
This is the type of information that NCC could be obligated to disclose pursuant
to the Securities Market Act. The information was issued for publication on
November 25, 2014 08:15 am.

About NCC NCC’s vision is to reshape our industry, providing superior
sustainable solutions. NCC is one of the leading companies in construction,
property development and infrastructure in Northern Europe, with sales of SEK 58
billion and 18,500 employees in 2013. The NCC share is listed on the Nasdaq
Stockholm exchange.