Peab builds shopping center at Kungens Kurva

Peab has been commissioned to build a new shopping center at Kungens Kurva in southern Stockholm. The client is Ikano Retail Centres and the contract amounts to SEK 273 million.

The new shopping center will be built right next to the IKEA store at Kungens Kurva and it is expected to be ready for occupancy before Christmas 2013th

- We are glad we have this confidence from Ikano and that we may be involved in developing one of the largest trade areas, says Peab President and CEO Jan Johansson.

For further information, please contact:

Björn Ljungberg, Project Manager Peab + 46 733 372414

Gösta Sjöström, Communication 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 on18April 2012.

Peab is the Nordic Community Builder with 15,000 employees and a net sale exceeding 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.