Peab builds office in Espoo

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Peab's Finnish subsidiary Peab Oy has been contracted to build a new office building in Espoo Keilaniemi outside Helsinki. The customer is Kuntien Eläkevakuutus (Local Government Pensions Institution) and the contract amounts to EUR 17.5 million.

The office building will include 30 000 square meters spread over 11 floors and is expected to be completed in February 2012.

For further information, please contact:

Petri Suuperko, MD Peab OY +358 407132100

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 11 a. m. on 22 June 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.