Peab builds at Høgskolen in Oslo

Peab's Norwegian subsidiary Peab AS has been commissioned to carry out a rebuild and expansion of a project at the University of Oslo. The client is the Statsbygg and the contract amounts to NOK 111 million.

The mission consists of the construction of new facilities, so that nursing education now can be conducted on one site, located in Pilestredet Park in central Oslo where Rikshospitalet previously was located.

Work has begun and is expected to be ready for occupation in autumn 2012

For further information, please contact:

Rune Hangeland, region manager Peab AS +47 90975452

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 10.00 am on 22 December 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.