Annual General Meeting of Peab, 2006

• Cash dividend amounting to SEK 3.00 • Continued authorisation to repurchase The Annual General Meeting of Peab AB (publ) was held on Wednesday 17 May. The meeting approved the board’s proposed dividend of SEK 3.00 per share. May 22 was appointed Record Day and it is estimated that dividends will be sent out by the Securities Register Centre (VPC) on Friday 26 May. The meeting discharged the board and CEO from liability for the 2005 financial year. Board members Jan Segerberg, Svante Paulsson, Annette Brodin Rampe, Karl-Axel Granlund, Göran Grosskopf and Mats Paulsson were re-elected. The meeting further authorised the board to decide on one or more new issues of B-shares during the period up to the next Annual General Meeting. The authorisation is for a maximum of in all 10% of the total registered number of shares at the time of authorisation. Any new issue shall be made according to the market’s usual terms and conditions. The meeting also authorized to accord the board the authority to decide on the repurchase of a maximum of 980.000 A-shares and a maximum of 8.700.000 B-shares, but not more than a total of 8.700.000 shares in the company. The shares may be acquired other than in proportion to the shareholders’ holdings, and shares may be acquired either on the Stockholm Stock Exchange or through offer to purchase during the period up to the next Annual General Meeting. The price paid for the shares shall be the stock exchange price at the time of purchase with a maximum deviation of + 10%. The shares shall be purchased in accordance with the rules of the Listing Agreement and may be purchased in other ways than in proportion to the shareowners possession through purchase of shares over the counter, through purchase at the Stockholm Stock Exchange or through an offer of acquisition. The purpose of the repurchase of own shares shall be to adjust the company’s capital structure, to be used to finance acquisitions or other transactions, or to facilitate to cover the company’s commitment according to the terms and conditions of convertible loans that have been issued in accordance with the decision of the Annual General Meeting on May 12, 2005. The meeting also authorised the board to decide whether to transfer the purchased Peab shares during the period up to the next Annual General Meeting. The authorisation gives the board the right to make decisions about to whom the shares are to be sold and the conditions and manner of sale. Where shares are sold on the Stockholm Stock Exchange, the lowest price at which the board is authorised to sell the shares is the stock exchange price at the time of the sale. These authorisations give the board the right to decide on other issues related to the purchase and transfer of Peab shares. Malte Åkerström and Leif Franzon were appointed to the election committee and Göran Grosskopf and Fredrik Paulsson were new elected. Malte Åkerström was re-elected chairman of the election committee. For more information please contact: Mats Leifland, Deputy MD Peab +46 733 37 10 06 Gösta Sjöström, Information Manager Peab +46 733 37 10 10 Previous press releases from Peab are available at www.peab.com