Peab builds rented apartments in Gothenburg

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Peab has been contracted to build the third and final phase, comprising 168 new apartments in the block Venus in the Norra Gårda district in Gothenburg. The residential customer is AB Poseidon, and the contract amounts to SEK 221 million.

The mission is a general contract where the work will begin during the autumn 2010 and moving in is scheduled for spring 2012.

For further information, please contact:

Ove Svensson, project manager Peab +46 733 373551

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 a m. on 1 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.