Skanska receives SEK 750 M order in Hong Kong - of which half to Skanska

Skanska receives SEK 750 M order in Hong Kong - of which half to Skanska Skanska's Hong Kong based subsidiary, Gammon Skanska, has received an order to construct a 29-story building in Hong Kong. The contract is valued at HKD 550 million, about SEK 750 million. Skanska holds a 50 percent interest in Gammon Skanska and consequently, receives SEK 375 million of the total order value. The customer is Glory Star Investments. The project comprises a total floor area of 26,000 square meters and includes a 14-story office block, an eight-story restaurant block, three- story shopping center and four floors of basement car parking. Work begins immediately, with completion scheduled at year-end 2002. The building will feature innovative environmental systems that provide significant energy savings and an improved indoor climate. The advanced solution utilizes a double-glazed façade, an 'active' curtain wall, which is mechanically ventilated and integrated with the building climate control system. Computer-controlled venetian blinds are linked to solar sensors. For further information please contact: Cheryl Eaton, PR Manager, Skanska UK, Tel +44 1 923 42 30 30 Tor Krusell, Senior Vice President Communications, Skanska AB, Tel +46 8 753 87 47 This and previous releases can also be found at www.skanska.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/2001/11/29/20011129BIT00170/bit0001.doc http://www.waymaker.net/bitonline/2001/11/29/20011129BIT00170/bit0001.pdf

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Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential premises, and public-private partnerships projects. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 41,000 employees in selected home markets in Europe and North America. Skanska's sales in 2016 totaled SEK 151 billion.

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