Peab continues repurchasing own shares

The Annual General Meeting (AGM) decided on 17 May 2006 to authorize the board of Peab to during the period up to the next AGM repurchase a maximum of 8.700.000 shares of Peab AB.

The board of Peab decided on 23 May 2006, with support from this authorization, to repurchase a maximum of 1.000.000 shares. Out of this authorization has 837.000 shares been repurchased up to 14 December 2006.

The board of Peab has today decided, supported by the authorization from the AGM, to repurchase a maximum of further 5.750.000 shares. The shares will be acquired at the Nordic Exchange at the current exchange prize at the time.

The purpose of the repurchase is to improve the company’s capital structure, to be used to finance acquisitions or other transactions or neutralize the dilution which may occur in connection with the conversion of the issued convertible loans according to the decision of the AGM on 12 May 2005.

On 14 December 2006 Peab owned 2.787.600 own shares.


For further information contact:
Mats Leifland, Deputy MD Peab +46 733 37 10 06
Gösta Sjöström, information manager Peab +46 733 37 10 10

Previous press releases from Peab are available at www.peab.com