Peab builds a new shopping centre outside Helsingborg

Peab to build a new shopping centre outside Helsingborg Peab have been awarded the contract to build a new shopping centre in Hyllinge, just to the east of Helsingborg. The client is Norwegian-owned Steen & Ström in collaboration with the Bergendahls retail chain. The contract is worth about 250 million Skr. A new Ekohall and a new shopping centre for volume sales and single line retail trade will be built next to the existing City Gross complex in Hyllinge. The total area will be some 35,000 square metres. Groundbreaking will begin today, 24th August and the Ekohall will open during the summer of 2003. The whole shopping centre is estimated to be completed in August 2004. For more information please contact: Jan Johansson, divisionschef Peab 0733-37 40 00 Gösta Sjöström, informationschef Peab 0733-37 10 10 Previously posted press releases from Peab can be found at peab.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/08/23/20020822BIT00440/wkr0001.doc http://www.waymaker.net/bitonline/2002/08/23/20020822BIT00440/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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