Peab acquire F18 in Tullinge

Peab has acquired F18 in Tullinge Peab has acquired the old airfield F18 in Tullinge in the community of Botkyrka. The seller is the Government-owned real estate company Vasallen. A new city area, Riksten, is planned to be built on the old airfield. Within the next 10-15 years there will built around 2.500 new flats and houses in the area, which measures 925 acres. The area today keeps 30.000 square metres of manage properties. The purchase sum is SEK 80 million and the direct yield is 9 per cent. - We see a great potential at the old airfield F18 in Tullinge. The area is very well located with good communications and here Peab will develop housing with attractive price ranges, in reach for most of the wage earners, comments Peab's executive vice president Mats O Paulsson. For further information contact: Mats O Paulsson, vice president Peab +46 733 37 10 05 Gösta Sjöström, information manager Peab +46 733 37 10 10 Previous press releases from Peab are available at www.peab.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/07/02/20040701BIT00470/wkr0001.pdf

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Peab is a leading Nordic construction and civil engineering company with about 14,000 employees and about SEK 54 billion in net sales. The Group has strategically placed offices in Sweden, Norway and Finland. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on NASDAQ Stockholm.

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