Skanska sells two development projects in Sweden for SEK 449 M

Skanska and Swedish property company Hemfosa have entered into a binding purchase agreement regarding a nursing home project in Uppsala and one office project in Jönköping, both Sweden. The total purchase price for the two projects is SEK 449 M and the transaction is recorded for Skanska Sweden in the fourth quarter of 2014.

The nursing home project is a self-developed residential care facility in central Uppsala with room for 72 residents on 5,600 square meters.

The office project in Jönköping is collaboration between defence and security company SAAB AB and Skanska, with Skanska developing SAAB AB’s new office space of approximately 8,500 square meters and production facilities of 3,100 square meters. SAAB has signed a 20-year lease for both properties.

Construction works have started and projects are implemented as turnkey projects, with Hemfosa entering upon completion and tenants respective entries. This is expected to occur in May 2015 and July 2016, respectively.

Skanska Sweden is one of Sweden’s largest construction companies, with operations in building and civil-engineering construction. The business unit has approximately 11,000 employees and revenue in 2013 amounted to approximately SEK 30 billion. In Sweden, Skanska is also active in the development of residential construction and commercial premises.

For further information please contact:

Joakim Åkesson, Manager Business Development, Skanska Sverige,  tel: +46 (0)10-448 33 61

Edvard Lind, Head of Media Relations, Skanska AB, tel +46 (0)10 448 88 08

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com

Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act.

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 partnership projects. Based on its global green experience, Skanska aims to be the client’s first choice for green solutions. The group currently has 57,000 employees in selected home markets in Europe and USA. Skanska's sales in 2013 totaled SEK 136 billion.