Enclosed please find an announcement from the board of directors of MT Højgaard A/S regarding a downward adjustment of its expectations for 2018 caused by the consequences of an “Arbitration case”

For the full 2018, the MTH GROUP previously expected revenue at the level of DKK 6.8 billion and an EBIT in the range of DKK 0 - 50 million.

This has now been adjusted to an EBIT in the range of DKK -400 million.  Expected revenue is unchanged compared to earlier.

For 2018, in addition to Monberg & Thorsen’s 46% share of MTH GROUP’s result after tax and non-controlling interests, we still expect our operating expenses to be around DKK 4 million, to which should be added any further expenses in connection with the indemnities and guarantees provided in connection with the divestment of Dyrup A/S.

Monberg & Thorsen A/S holds an ownership interest of 46% in MT Højgaard A/S.

Questions relating to this announcement should be directed to Anders Heine Jensen, Chairman,
on telephone +45 2048 8563.

The announcement is also available at www.monthor.com

This announcement is available in Danish and English. In case of doubt, the Danish version shall prevail.

MONBERG & THORSEN A/S
CVR 12 61 79 17
LEI 529900NA1V21KR5S7498

Ringager 4C, 2nd Floor, Right
DK - 2605 Brøndby

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