Aarsleff and Insituform Technologies, Inc. have reached a settlement

Aarsleff has agreed on a settlement with Insituform Technologies, Inc. (ITI),
which through several years has sued Aarsleff for payment of license fees in
connection with terminated license agreements. The settlement involves a
payment from Aarsleff to ITI of USD 8.5 million. As a result of the settlement,
Aarsleff's own intellectual rights are future-proof. 

As previously informed, Aarsleff has made estimated provisions concerning the
proceedings which have been pending at the court of Tennessee, USA. 

The settlement means that the annual results for the financial year 2007/2008
now are reduced from the expected DKK 290 million to approx. DKK 280 million
before tax. 

The preliminary announcement of financial statements will be available on 19
December 2008. 


Further information:
General Manager Ebbe Malte Iversen, Per Aarsleff A/S, tel. +45 8744 2222.