Peab builds apartments in Oslo

Peab has been contracted to build 116 apartments in Oslo. The client is Naturbetong AS and Lorentzen Eiendom AS and the contract amounts to NOK 148 million. The apartments will be built in Nydalen, in a very attractive waterfront area at the Aker River Nature Park. The contract also includes a parking garage.

Work will begin in October 2011 and is expected to be ready for occupancy in March 2013.

For further information, contact:
Geir Skoglund, regionmanager Peab +47 913 33 484

Gösta Sjöström, CIO Peab +46733 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 9.00 a.m. 18 August 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.