NCC excluding Bonava

NCC is publishing items affecting comparability for the second quarter of 2016, and comparative figures for NCC excluding Bonava for 2015 and the first quarter of 2016.

In June 2016, NCC distributed the shares in Bonava to NCC shareholders. Bonava’s first day of trading on Nasdaq Stockholm was June 9, 2016, and the closing price was SEK 106.50 for Series B shares and SEK 107.50 for Series A shares, representing a market capitalization of about SEK 11.5 billion for Bonava.

NCC’s transaction costs of SEK 62 M for dividend and listing of Bonava will not be charged to the income statement, but charged directly against shareholders’ equity.

NCC has now decided to discontinue the development and implementation of a joint HR system, which means that SEK 90 M, pertaining to previously capitalized amounts,

will be charged against NCC’s earnings for the second quarter of 2016. The reasons are the challenges of implementation and user-friendliness and that the system does not adequately support NCC’s Nordic organization and way of working. Today, there are simpler and more functional standard solutions available and NCC’s digital strategy is moving toward more cloud-based solutions. Bonava’s earnings will not be charged with any costs for this.

NCC’s earnings will be positively impacted by an amount of SEK 118 M in the second quarter, due to internal gains derived from ongoing housing production for Bonava being dessolved.

Bonava is recognized as a discontinued operation and was included in NCC’s income statement until June 7, 2016. In addition to Bonava’s earnings for the period, NCC will also recognize the difference between Bonava’s market capitalization on the listing date and Bonava’s shareholders’ equity on the dividend date as profit from discontinued operations, in accordance with IFRS 5. These earnings will therefore impact earnings for the period from continuing and discontinued operations.

In interim reports for 2016, the comparative figures for 2015 will not be adjusted in the balance sheet and cash flow in accordance with IFRS. NCC will instead show how balance sheets and cash flows would have looked excluding Bonava in a note.

You will find tables and figures in the attached document. The tables and figures below have not been prepared in accordance with IFRS, and have not been audited or examined by the company’s auditors. The comparative figures illustrate the effect on NCC’s income statement, balance sheet and cash flow if Bonava had not been part of NCC.

NCC will publish its interim report for January-June 2016 on July 20 at 8:00 a.m.

For further information, please contact:

Mattias Lundgren, Chief Financial Officer, NCC AB, +46 8 585 517 65, +46 70 228 88 81

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

NCC’s press telephone: +46 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 July 1, 2016, at 8:15 a.m.

All of NCC’s press releases are available at www.ncc.se/press.

NCC is one of the leading construction and property development companies in the Nordic region. In 2015, NCC (excluding Bonava) reported sales of SEK 53 billion and had 16,000 employees.