LKAB extends contracts with Peab in Svappavaara

Peab has previously commissioned by LKAB to be responsible for loading, transporting and receiving of ore and waste rock, and processing of raw goods and additives at Gruvberget in Svappavaara. Now LKAB has chosen to extend the contracts with Peab for another year until September 2014. The value of the extension is approximately SEK 350 million.

- We are very pleased that we have continued confidence from LKAB. This strengthens our operations in Svappavaara and allows us to invest for the future. We also have additional options with LKAB for an extension of other assignments, says Lars Olofsson, Peab

For further information, please contact:

Lars Olofsson, Peab +46 733 848640

Gösta Sjöström, CIO Peab +46 733 371010

Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.

The information was submitted for publication at 9.00 am on 10 February 2012.

Peab is the Nordic Community Builder with 15,000 employees and a net sale amounting to around SEK 40 billion. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.