Peab builds apartments in Oslo

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Peab's Norwegian subsidiary Peab AS has been commissioned to build 203 new apartments in Oslo. The customer is the tenant company USBL and the contract amounts to NOK 363 million.

The apartments will be built in the district Etterstad in central Oslo to start construction in spring 2011 and completion is expected to be ready during spring 2014.

For further information, please contact:

Geir Skoglund, Region manager Peab AS +47 913 33 484

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 9 am on 14 September 2010.

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 a net sale exceeding SEK 35 billion and approximately 13,000 employees. 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.