Peab gets transport tasks of LKAB

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Peab’s subsidiary Cliffton has been contracted to provide for the loading, transport and reception of raw ore and waste rock in Svappavaara. Client is LKAB and the contract amounts to SEK 150 million.

Demand for iron ore products is very much out on the world market. LKAB has decided to commence the mining of iron ore (magnetite) deposit from Gruvberget in Svappavaara.
Cliff's mission includes managing about 14 million tonnes of ore / waste rock. The agreement covers the period from May 2010 to September 2013.

For further information, please contact:

Peter Engström, production manager Cliffton, +46 706 770917

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 11 a. m. on 25 May 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.