Peab aquires PNB Asphalt

Peab acquire PNB Asfalt Peab are acquiring all shares in PNB Asfalt, a subsidiary to PNB Entreprenad AB. PNB Asfalt's turnover is approx. SEK 225 million and the company has 100 employees. PNB Asfalt operate mainly in the south of Sweden, and have several running maintenance contracts, modern machinery and two asphalt works. The business will continue to be run by the present management. - PNB Asfalt is a very good complement to our operations geographically speaking. The acquisition also means that we strengthen our position both in production and asphalt laying, comments Peab's executive vice president Mats O Paulsson. After the acquisition the sales volume for Peab's asphalt operations will be SEK 1,2 billion, and the deal means that Peab's balance sheet total will increase by SEK 100 million. The acquisition is subject to the approval of the Swedish Competition Authority and transfer of possession will be made when granted. For more information please contact: Mats O Paulsson, Executive vice President 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 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/10/15/20021015BIT00070/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/15/20021015BIT00070/wkr0002.pdf

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Peab is a leading Nordic construction and civil engineering company with about 15,000 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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