Peab begins construction of Max IV in Lund

Peab has been contracted to build Phase 1 of the Max IV laboratory in Lund. The project includes a startup building, a tunnel for linear accelerator with klystron gallery, a Short Pulse Facility and ground work. The client is Property ML4 AB and the contract amounts to SEK 360 million.

Ground and excavation work has begun, concrete work starts in August and the project office will be established during September. Installation and other construction work starts at the turn of the year.

For further information, please contact:

Stefan Rosenlöf, region manager Peab +46 733 4168

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 11.00 a.m. 10 June 2011.

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

Peab is one of the leading construction and civil engineering companies in the Nordic countries with approximately 14,000 employees and a net sale amounting to around SEK 38 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.