Peab builds on Österleden in Helsingborg

Peab has been contracted to carry out refurbishment of Österleden in Helsingborg to a four-lane urban highway. The client is the city of Helsingborg and the contract amounts to approximately SEK 100 million.

The contract also includes new construction and renovation of the roundabouts, including two bridges, upgrading of footpaths and cycle paths and various management jobs. Work will begin in August 2011 and is scheduled for completion in December 2012.

For further information, contact:
Jan Paulsson, project manager Peab +46 733 374752

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 2.00 p.m. 25 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 15,000 employees and a net sale amounting to around SEK 40 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.