Peab builds a new stage of E45 south of Trollhättan

Peab has been contracted to build a new stage of E45 between Torpa and Stenröset south of Trollhättan. The customer is Transport Authority and the contract amounts to SEK 259 million.

The contract includes the construction of 6 km four-lane highway on E45, 5.5 km local roads and private roads and junction Sjuntorp. Work will commence in June 2011 and scheduled for completion in June 2013.

The contract is part of BanaVäg in the West project, which involves the expansion of double track and four-lane road between Gothenburg and Trollhättan. Peab already has several contracts in BanaVäg in the West.

For further information, please contact:

Johan Halvardsson, region manager Peab +46 733 723068

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 10 a m. on 1 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.