Large support in conversion. 97 per cent support 5.4 millions new B-shares

During June 2005 Peab issued totally 5 500 000 convertible loans to the employees. During the period 18 June - 2 July, was an extra opportunity given to convert these Peab Convertible Promissory Notes 2005/2008 to B-shares. Of totally 1 930 convertible owners, about 1 880, corresponding to 97 per cent, preferred to convert to B-shares.

Of the faced value amounting to SEK 478.5 million, has about SEK 467.5 million, corresponding to 97.7 per cent, been converted to
5 373 604 new B-shares. After the conversion, are nominally SEK 11 million remaining of Peab Convertible Promissory Notes 2005/2008, corresponding to 126 396 convertibles, to a value of SEK 87.

The number of registered shares in Peab AB amounts after the conversion to 9 805 702 A-shares, 77 263 846 B-shares or totally 87 069 548 shares.

- It is very pleasant that so many of our employees have taken the opportunity to convert to shares and thereby being joint owner in Peab and also get the possibility to participate in the distribution of Peab Industri in September 2007, says Peab’s MD Mats Paulsson.

For further information, please get in touch with:
Mats Leifland, deputy MD +46 733 371006
Gösta Sjöström, information manager Peab +46 733 371010



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