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 construction and project development companies, focused on selected home markets in the Nordic region, Europe and USA. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group has about 40,000 employees. Skanska's sales in 2017 totaled SEK 161 billion.

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