Ballast Nedam Trading Update - Third Quarter 2010

NIEUWEGEIN, The Netherlands, October 22, 2010 -

    - Results on Schedule, Forecast for 2010 Remains Unchanged

    - Slight Decrease in Order Book - to EUR 1.6 Billion

    - Operating Profit Forecast Remains at Approximately EUR 10 Million to
      EUR 15 Million for 2010

Situation in the third quarter of 2010

Compared to the first half–year, the third quarter showed an unchanged
market picture of increased competition and depressed price levels for both
property and infrastructure.

The high level of production on a number of major projects caused the
order book to fall from EUR 1,684 million in mid-year to EUR 1,606 million.
New projects worth approximately EUR 200 million were acquired during the
third quarter. Among others, these included two extensions to water pipeline
projects in Ghana - for the Ghana Water Company Limited (GWCL) and the
renovation of the historic Hotel de l'Europe in Amsterdam. In 2011 and 2012,
the heavy lift vessel Svanen will be used for the installation of foundations
for 111 wind turbines for the Danish Anholt offshore wind farm. Also, in
cooperation with a partner, a turnkey purchase agreement/contractor agreement
was concluded for an office for SIDN (Foundation for Internet Domain
Registration in the Netherlands) at IJsseloord 2 in Arnhem.

The Directorate-General for Public Works and Water Management of the
Netherlands, Rijkswaterstaat has designated A-Lanes A15, a consortium that
includes Ballast Nedam, as preferred bidder for the A15 Maasvlakte-Vaanplein
PPP road project, which has a nominal project value of EUR 1.5 billion. It is
anticipated that this project will be entered into the order book in the
fourth quarter.

The results obtained in the third quarter were in line with our
expectations. This therefore means that both the Infrastructure division and
the Building and Development division are well on track to achieve the
results forecast for 2010. Results up to the end of the third quarter present
a picture that is unchanged from that of the first half-year. Major projects
posted excellent results, the regional companies' results were adversely
affected, specialized companies and raw materials companies made a good
contribution to the result, property development achieved low but positive
results, and the prefab companies suffered a loss.

In the third quarter, the net financing position decreased by EUR 43
million to EUR 241 million, due to an increase of EUR 30 million in long-term
loans, EUR 27 million of which involved PPP projects. Net cash, which was
included in the net financing position, decreased by EUR 13 million to EUR 26
million. This is in line with the prevailing view that there is a greater
need for financing during the year than at the end of the year.

Forecast for 2010 unchanged

The Board of Management is maintaining its March 2010 forecast for an
operating profit of EUR 10 million to EUR 15 million at a lower revenue than
in 2009.

In the fourth quarter of 2010, the result could be strongly influenced by
the outcome of claims on a limited number of projects and judgments in
appeals against fines imposed by competition authorities.

PRN NLD

Further details can be obtained from: Ballast Nedam N.V., Adrie van Kessel, telephone +31(0)30-285-41-61 / +31(0)6-22-45-71-85