Peab builds store for IKEA in Uddevalla

Peab has been commissioned to build a new department store for IKEA in Uddevalla. The customer is IKEA Properties Ltd and the contract amounts to SEK 292 million.

The contract is part of the agreement between IKEA and Peab signed in December 2010. Ground work in Uddevalla has begun and the department store is scheduled for completion summer 2013th.

  "It feels great that cooperation will continue as planned. The department store in Uddevalla is the third of the ten included in the agreement. Kuopio in Finland was the first and Älmhult the second. Now we apply the lessons learned from the past department stores we've built for IKEA and make sure it works well even in Uddevalla, "says Peab's CEO Jan Johansson.

For further information, please contact:

Pekka Merta, Region manager Peab +46 733 373434

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 12 am on 29 June 2012.

Peab is the Nordic Community Builder with some 15,000 employees and more than SEK 40 billion in net sales. 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.