Tidewater Skanska Unit to Construct Major Colorado Cement Plant Expansion

Tidewater Skanska Unit to Construct Major Colorado Cement Plant Expansion CDK Contracting Company, a Tidewater Skanska unit, has been awarded a USD 70 million (approximately SEK 580 million) contract to construct an expansion of the Holnam Inc. cement plant at Portland, Colorado. The project will be engineered by Holderbank Engineering Canada Ltd. and major equipment is being supplied to Holnam by Krupp Polysius Corporation. Construction will include a complete new 5,400 metric tons per day cement production line including raw material - grinding, blending, storage and milling; a twin string 350 feet high preheater/separator tower, a kiln, storage silos, finish/grinding mill and loading equipment. Work will start immediately with a completion in the first quarter of 2001. To ensure a successful project the team of owner, engineer, equipment manufacturer and contractor have committed to a "partnering" approach which starts with value engineering during the design process and will continue as a team effort throughout construction. Safety, quality, environmental, cost and schedule targets have been adopted by all the team partners. Stockholm, July 27, 1999 SKANSKA AB Group Communication For further information, please contact: David J. Eastwood, Chairman and CEO, Tidewater Construction Corporation, tel +1 757 578 4100 Jenny Pettersson, Group Communication tel +46 8 753 86 07 This and previous press releases are also available on www.skanska.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/07/27/19990727BIT00150/bit0001.doc http://www.bit.se/bitonline/1999/07/27/19990727BIT00150/bit0002.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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