NCC and Sörmland County Council in Strategic Partnership on Three Hospital Projects

Regulatory News:

NCC (STO:NCCA) (STO:NCCB) and Sörmland County Council have agreed to refurbish and extend three hospitals in Södermanland in a contract valued at about SEK 3 billion. The partnership will commence immediately with planning and, within eight years, the upgraded hospitals will be completed in Eskilstuna, Katrineholm and Nyköping.

The contract comprises the following hospitals: Mälarsjukhuset in Eskilstuna, Kullbergska sjukhuset in Katrineholm and Nyköpings lasarett. The Sörmland County Council have chosen to upgrade these three hospitals as part of a strategic partnering arrangement with NCC. This means that all planning and implementation for the project will be conducted jointly.

"With NCC’s expertise and capacity by our side, we feel sure the project can be completed in a professional manner,” says Technical Manager Johnny Niskanen at Sörmland County Council.

At Mälarsjukhuset in Eskilstuna, which is the single largest part of the project, some older premises will be demolished, others upgraded and new premises built. The combination of new construction and upgrade will also be applied at the Kullbergska sjukhuset in Katrineholm and at Nyköpings lasarett.

"The existing care facilities need to be updated. Together with the County Council, we will be able to develop and build more suitable and modern care facilities which keep the patient in focus,” says Henrik Landelius, Vice President of NCC Construction Sweden.

Renovating and constructing new hospitals is also an investment in sustainability. The new premises will have significantly reduced energy consumption and an improved operating cost, the employees’ work environment will be enhanced and a more efficient care process will benefit patients.

Strategic partnering is the key to higher quality and lower costs. This comprises an open partnership over several projects with the same team. The organization’s learning curve will be used optimally and the parties will learn each other’s needs, processes and strategically important investments, thus enabling costs to be reduced, quality developed and production time to be shortened.

Ongoing call-offs will be carried out in pace with the start of projects within the framework of the agreement. The first parts will be registered and started in September 2015.

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 June 30, at 8:00 a.m. CET.

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.

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