Peab develops a wellness center in Malmo

Peab has acquired the project Inspi in Malmö, which during a period of years has developed a building to preventive health care, research, education, hotels and clinics. The property will be the first of its kind in Scandinavia. The completed building will include more than 20,000 square meters and construction will start at end of 2012. The total investment will amount to about SEK 500 million.

- It's a great project that represents an architectural innovation and a new type of premises. Tenants are already contracted for a large portion of the surface. This is a project in line with Peab’s community building, says Thomas Anderson, Head Peab Property Development.

- City of Malmö is greatly encouraged in this business. Innovation in health is needed and Carina Billetun from Inspi has been a driving force that has taken the project to this point. With Peab resources and experience, we can now look forward to a completed building for the benefit of all inhabitants in the Malmo and Öresund area. Additionally, it will be a beautiful building, which will decorate the area at Dalaplan, says Anders Rubin, chairman of the City of Malmö Technical Chamber.

For further information, please contact:

Göran Linder, Property Development Peab +46 733 339422

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 on 2 May 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.