NCC plans to distribute NCC Housing in 2016

NCC is planning to distribute NCC Housing to shareholders in 2016 in accordance
with the rules of Lex ASEA. In the event of a spin-off, NCC’s shareholders will
receive shares in the new housing development company instead of cash dividends.
In September, the Board assigned the management to analyze conditions for
creating an independent housing development company based on the NCC Housing
business area, and distributing the new company to shareholders in accordance
with the rules of Lex ASEA.

The analysis showed that a demerger of NCC would create greater opportunities
for capitalizing on the growth potential identified by NCC in both the housing
and the construction market. The Board deems that a demerger of NCC will create
shareholder value and in early November, decided to begin preparing for a
distribution of NCC Housing in accordance with Lex ASEA.

“We are in the midst of the process to define what should be included in the new
housing development company. Our starting point is the NCC Housing business
area, but some resources may be moved from other business areas. When the
company has been listed, NCC will become a key supplier to the new housing
development company and the new company will be one of NCC’s most important
customers,” says Peter Wågström, President and CEO of NCC.

The Board plans to present the proposal to distribute and list the new housing
development company on January 28, 2016. No cash dividend will be paid for the
2015 fiscal year. The shareholders will make a decision regarding the proposal
at the Annual General Meeting on April 12, 2016. Should the AGM decide to adopt
the Board’s proposal, the new housing development company will be distributed
and listed in 2016.

To ensure favorable taxation conditions for the distribution to shareholders in
accordance with Lex ASEA, NCC’s principal owner Nordstjernan has agreed to
reduce its shareholding, before the distribution, to less than 50 percent of the
voting rights in NCC.

In the event of a spin-off, the new housing development company will receive
shareholders’ equity equivalent to the value of the land portfolio (properties
held for future development and capitalized project development costs). If a
spin-off had been implemented on September 30, 2015, the new housing development
company would have received shareholders’ equity of SEK 5.3 billion and the
remaining capital employed of SEK 5.3 billion would have been financed with
interest-bearing liabilities, of which SEK 3.1 billion comprises loans to
Swedish tenant-owner associations and Finnish housing companies.

“The proposed policy for the allocation of NCC’s shareholders’ equity will
provide both NCC and the new housing development company with sound financial
conditions for capitalizing on the favorable market conditions we see in both
the housing market and the construction market,” says Tomas Billing, Chairman of
NCC.
For further information, please contact:

Peter Wågström, President and CEO, NCC AB, +46 (0)70 527 31 31

Johan Bergman, Investor Relations Manager, NCC AB, +46 (0)8 585 523 53, +46
(0)70 354 80 35

Anna Trane, Press & PR Manager, NCC, +46 (0)708 84 74 69

NCC’s press telephone: +46 (0)8 585 519 00, E-mail: press@ncc.se
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 26, 2015 at 7:00 a.m.

About NCC. Our vision is to renew our industry and provide superior sustainable
solutions. NCC is one of the leading companies in construction, property
development and infrastructure in Northern Europe, with sales of SEK 57 billion
and 18,000 employees in 2014. The NCC share is listed on the Nasdaq Stockholm
exchange.