- The Board of Directors of NKT Holding has at its meeting today approved the NKT Annual Report for 2008.

NKT Annual Report 2008Release #5 sent to NASDAQ OMX Copenhagen on 5 March 2009The Board of Directors of NKT Holding has at its meeting today approved the NKTAnnual Report for 2008. For 2008, NKT realized revenue of 13.8 bnDKK and income before tax of close on592 mDKK. The Group's results were therefore in accordance with the lastearnings forecast, which was declared on December 2008. Revenue increased by 303 mDKK in relation to 2007, corresponding to organicgrowth of 2%. The operating income (EBIT) of 818 mDKK was influenced by one-off costs ofaround 135 mDKK relating to a number of structural initiatives. Afteradjustment for these items, operating income fell by 110 mDKK, corresponding to10% against 2007. For 2009, NKT has budgeted for a fall in the level of activity of around 10% inrelation to 2008. Budgeted earnings for 2009 (EBITDA) are around 700-900 mDKK,excluding costs of around 150 mDKK relating to structural initiatives. TheGroup's overall investment is budgeted at around 900 mDKK. With macroeconomicand financial market conditions as uncertain and volatile as is the case atpresent, our expectations reflect substantially greater uncertainty thannormal. The Annual Report has been released via NASDAQ OMX Copenhagen and is availableon the NKT website, www.nkt.dk. Further informationPlease address any questions concerning the above information to ThomasHofman-Bang, President and Chief Executive, NKT Holding A/S, on telephone +454348 2000. Yours faithfullyNKT Holding A/SChristian KjærChairman of the Board of Directors