Peab builds activity centre in Oslo

Peab builds activity centre in Oslo Peab has won an order to build a culture and activity centre in Oppegård, just south of Oslo. The client is Oppegård municipality and the contract is worth NOK181 million, around SEK 200 million. The purpose of the activity centre is to be a meeting place comprising a library, cultural school, day care centre for the elderly, teaching facilities for immigrants, café, exhibition facilities, theatre, cinema and more. It is a partnering contract, due to start in January 2004 and is expected to be finished in November 2005. For further information contact: Ole Martin Stensrud, project manager, Peab + 47 23303050 Gösta Sjöström, information manager Peab +46 7333710 10 Previous press releases from Peab are available at ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download:

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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.