Peab Industri starts repurchasing own shares

The Annual General Meeting decided on 16 May 2007 to authorize the Board of Peab Industri to repurchase a number of shares in Peab Industri AB during the period up to the next Annual General Meeting, so that the company after the purchase owns a maximum of 10 per cent of the registered number of shares.

The Board of Peab Industri has today with support of this authorization decided to purchase a maximum of 1,000,000 shares. The shares will be acquired on the OMX Stock Exchange in Stockholm at the current exchange price at the time.

The purpose of the repurchase of shares is to use these to finance acquisitions and/or give possibility to, by later redemption, neutralize the dilution that may arise in connection with the conversion of the convertibles that will be issued by the company.

For additional information, please contact:
Niclas Winkvist
CFO Peab Industri +46 431 44 96 00
Staffan Bremander
Corp. Comm. Mgr. Peab Industri + 46 733 37 11 10

This information is such that Peab Industri AB is obligated to publish in accordance with the Swedish Act regarding the Securities Market and/or the Financial Instruments Trading Act or has itself chosen to publish.

Previous press releases from Peab Industri are available at www.peabindustri.com.