Peab to build a new shopping centre in Partille

Peab is building a new shopping centre in Partille Peab has won the contract to build a shopping centre in Partille, east of Gothenburg. The client is Steen & Ström Sweden. The contract amounts about SEK 500 million. The shopping centre will have a total floor space of 40 000 square meters and it will be built at the both sides of E20, with a bridge of stores above the motorway. It is a turn-key contract that will begin in April 2004 and it is estimated to be ready during the spring 2006. For further information contact: Kjell Lexbom, CEO Steen & Ström Sweden, +46 705 75 02 43 Bengt Qvillberg, Region Manager Peab +46 733 37 33 00 Gösta Sjöström, Information Manager Peab +46 733 -37 10 10 Previous press releases from Peab are available at ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download:

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Peab is a leading Nordic construction and civil engineering company with about 15,000 employees and about SEK 52 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.