Anders Elfner new Deputy CEO at Peab

Anders Elfner, new Deputy CEO at Peab Mr Anders Elfner, 47, has been appointed Deputy CEO of Peab AB as of 1st April. He will also be a member of the Peab Group's executive Board. Mr Elfner will overall work with production and market within Peab's housebuilding sphere of in Sweden with a special focus on Stockholm, the Mälardalen area and Norrland . Anders Elfner has previously worked at Skanska where he was among other things responsible Skanska's Stockholm operations and he also headed Skanska Sweden. - Anders Elfner has a long experience from contracting industry and he will be a significant reinforcement to our organisation. Peabs competitiveness will now be even stronger, especially in the important Stockholm area, says Peabs CEO Mats Paulsson. For more information, please contact: Göte Brännvall, deputy MD Peab +46 8 623 68 01 Gösta Sjöström, Information Manager Peab +46 733 37 10 10 Previous press releases from Peab are available at www.peab.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/31/20030331BIT00370/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/31/20030331BIT00370/wkr0002.pdf

About Us

Peab is a leading Nordic construction and civil engineering company with about 15,000 employees and SEK 50 billion in net sales. The Group has strategically placed offices in Sweden, Norway and Finland. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on NASDAQ Stockholm.

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