Peab builds MEC media cluster in Malmo

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Peab has been contracted to build Evolution Media City in Malmo. The client is Wihlborgs Mediacenter HB and the contract amounts to SEK 153 million.

MEC is a gathering place for various activities in the media and it is now being built next to Swedish Television's new premises in the Varvsstaden area in Malmo.
Varvsstaden is part of the old Kockums shipyard. The area is situated between Malmo Centre and West Harbour Docklands, adjacent to the University, Central Station and City Tunnel between the sea and central Malmö.

The work on the MEC has begun and is expected to be ready for occupation in spring 2012.

For further information, please contact:

Matz Thuresson, project manager Peab +46 733 374127

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 30 November 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.