Peter Wågström appointed next President and Chief Executive Officer of NCC

Peter Wågström appointed next President and Chief Executive Officer of
NCC

The Board of Directors of NCC AB has appointed Peter Wågström as the
next President and Chief Executive Officer of NCC. Peter Wågström, aged
46 years, will assume his new position in connection with the Annual
General Meeting on April 13, 2011. He will succeed Olle Ehrlén, who will
retire during 2011. Peter Wågström is a graduate engineer and is
currently president of the NCC Housing business area, which focuses on
residential development.

“I would like to thank Olle Ehrlén for the great work he has done during
his four years as President and Chief Executive Officer of NCC. He has
led NCC through one of the most difficult periods in the company's
history, including the financial crisis and the deep recession. At the
same time, the company has developed from having weaker profitability
than its competitors to being ranked among the best,” says Tomas
Billing, Chairman of the Board of NCC.

“With Peter Wågström as President and Chief Executive Officer, NCC will
have an experienced leader. He is particularly skillful at understanding
customer needs and is a skilled entrepreneur. Peter Wågström has worked
in the construction and property business throughout his professional
life. The Board of Directors is convinced that Peter Wågström is the
right person to continue the development of NCC in accordance with the
established strategy,” says Tomas Billing.

“Being entrusted to succeed Olle Ehrlén will be both enjoyable and
exciting. My experience of development operations will favorably
complement NCC's strong tradition as a building contractor. During my
seven years at NCC, I have seen the company develop into one of the best
companies in the industry. This is an excellent platform to build on,”
says Peter Wågström.

Olle Ehrlén, who will turn 62 during 2011, took office as President and
Chief Executive Officer of NCC in February 2007, assuming this position
after being president of the NCC Construction Sweden business area. He
is now retiring after 38 years in the company.

“NCC has successfully survived the recession. We now see growth
opportunities and have a strategy for strengthening NCC's
competitiveness in the Nordic region. This is a suitable time to hand
over the baton to a younger talent and I am particularly pleased that an
internal candidate has been selected,” comments Olle Ehrlén.

For more information, please contact:
Tomas Billing, Chairman of the Board, NCC AB, +46 (0) 8 788 5018
Peter Wågström, forthcoming President and Chief Executive Officer, NCC
AB, +46 (0) 8 585 530 40
Olle Ehrlén, President and Chief Executive Officer, NCC AB, +46 (0) 8
585 512 26

NCC:s media line: +46 (0)8 585 519 00, E-mail: press@ncc.se