Convertible debentures for Peab’s employees oversubscribed - 41 per cent of the staff take part in the programme

All Peab’s employees were invited to subscribe to convertible debentures in Peab between 26 November and 12 December 2007. Altogether more than 41 per cent (5.198) of Peab’s approximate 12.600 employees in Sweden, Norway and Finland applied to subscribe to convertible debentures in Peab. Of Peab Industri’s approximate 2.600 employees, 38 per cent (979) applied to subscribe to convertible debentures in Peab.

8.8 million convertible personnel debentures were issued in December 2007 to an overall nominal value of SEK 598.4 million. The value of convertible debentures applied for employees’ amounts to SEK 1.669 million, resulting in oversubscription of SEK 1.071 million (1.8 times).

The convertible debentures run from 1 December 2007 to 30 November 2012, and may be converted in December 2010, in December 2011 and in September 2012 at an exercise price of SEK 68. The rate of interest on the convertible debentures is fixed at 5.44 per cent during their term.

“It is matter of great satisfaction that so many of our staff have taken advantage of the opportunity to purchase convertible debentures and thus become prospective owners of Peab. It demonstrates the depth of commitment felt by our employees and it will enable Peab to become even more competitive in the future,” says Mats Paulsson, MD of Peab.



For additional information, please contact:
Mats Leifland, CFO Peab + 46 733 371006
Gösta Sjöström, information manager, Peab + 46 733 371010

Previous press releases from Peab are available at www.peab.com

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