Monberg & Thorsen A/S : Business transacted at the Annual General Meeting

5 April 2018

Announcement No 7, 2018

Monberg & Thorsen A/S - Business transacted at the Annual General Meeting

The Annual General Meeting of Monberg & Thorsen A/S was held today, with agenda as dated and sent to the Company's registered shareholders on 13 March 2018.

Referring to the Company's annual report for 2017, Anders Heine Jensen, Chairman of the Board of Directors, presented a verbal report on the development in the 2017 financial year, the main highlights for Monberg & Thorsen and the outlook for 2018.

The Board of Directors' outlook for 2018 as set out in the published annual report for 2017 is reaffirmed.

Under items 2 and 3 of the agenda, the Chairman presented the financial statements for 2017 and the Board of Directors' proposal for the application of the result for the year. The Board of Directors recommended to the shareholders that dividend of DKK 2 per DKK 20 share be paid to the shareholders. The shareholders at the Annual General Meeting then adopted the report and the annual report as well as the Board of Directors' proposal for the application of the result.

No proposals were considered under item 4 of the agenda.

Under item 5 of the agenda, the shareholders at the Annual General Meeting re-elected Ander Heine Jensen, Christine Thorsen and Henriette Holmgreen Thorsen.

Ernst & Young Godkendt Revisionspartnerselskab were re-appointed as the Company's auditors.

After the Annual General Meeting, the Board of Directors appointed Anders Heine Jensen as Chairman.

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

The quarterly announcement is also available atwww.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