Please find enclosed an announcement from the two parent foundations Knud Højgaards Fond and Ejnar og Meta Thorsens Fond regarding explorations to merge Højgaard Holding A/S and Monberg & Thorsen A/S has been abandoned. Best regards, Højgaard Holding A/S Ditlev Fløistrup CEO Contacts: Søren Bjerre-Nielsen, chairman of the board, Højgaard Holding, tel. +45 4520 1500 Sten Scheibye, chairman of the board, Knud Højgaards Fond, tel. +45 3075 5050