Peab builds for Preem in Lysekil

Peab has been contracted to build a six storey high control room building
in plastic molding concrete on Preemraff in Lysekil. The client is Preem and the contract amounts to SEK 113 million.

The work will have a distinct environmental characteristic and, among other things, a large percentage of energy consumed in the project will consist of waste heat from the refinery. Construction will commence in June 2011 and is scheduled for completion in April 2013.

For further information, please contact:

Anders Berntsson, project manager Peab +46 733 373343

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 31 May 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.