Peab part of the consortium which acquires Saab factory in Trollhattan

Peab is one of the parties in the real estate consortium which acquired 50.1 percent holding in Saab factory in Trollhättan. The total investment for Peab's share amounts to SEK 25 million and Peab's share in the consortium is about 10 percent. Other shareholders include Hemfosa, Weland Property and Brinova.

- Peab is the Nordic Community Builder both experience, knowledge and opportunity to be an important partner in development. We look forward to being involved in developing SAAB's property and do something really good in Trollhättan and the Swedish industry, says Peab's CEO Jan Johansson in a statement.

For further information, contact:
Tomas Anderson, division manager Peab +46 706 344994

Sven Kerstis, division manager Peab West, +46 733 371529

Gösta Sjöström, CIO Peab +46733 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 11.45 a.m. 7 July 2011.

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 approximately 14,000 employees and a net sale amounting to around SEK 38 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.