Skanska to construct railway structure in Bærum, Norway, for about SEK 327 M

Skanska Norway and Jernbaneverket Utbygging has signed a contract for development and construction of Høvik Station in Bærum, Norway. The contract is worth NOK 282 M, about SEK 327 M, and includes construction work for more than one kilometer of railway, drainage and water systems, new platforms, technical units and upgrading of an existing road bridge. The order will be included in order bookings for Skanska Norway for the first quarter 2013.

Works are scheduled to commence in April 2013 and will be completed in May 2015.

Skanska Norway focuses on construction and civil engineering operations. The unit has approximately 4,500 employees. In 2012, Skanska Norway reported revenue of SEK 12.5 billion. In Norway, Skanska is also active in the development of residential, commercial properties and public private partnerships (PPP) projects.

For further information please contact:

Ståle Rød, Director, Skanska Norway, tel +47 98 85 14 18

Edvard Lind, Press Officer, Skanska AB, tel +46 10 448 88 08

Direct line for media, tel +46 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 projects and public-private partnerships. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 57,000 employees in selected home markets in Europe, in the US and Latin America. Skanska's sales in 2012 totaled SEK 132 billion.

About Us

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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