Peab prepares for ore mining in Kaunisvaara

Peab has been contracted to excavate soil on the ore deposit in the Tapuli mine in Kaunisvaara outside Pajala. The client is Northland Resources and the contract amounts to approximately SEK 350 million.

In total is it about 10 million cubic meters of soil and rock to be excavated. Work has commenced and is expected to last for about three years. Ore mining is expected to start during autumn 2012.

For further information, contact:
Peter Åkerström, project manager Peab +46 733 371951

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 8.30 a.m. 6 September 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 15,000 employees and a net sale amounting to around 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.