Peab prepares for ore mining in Pajala

Peab has been contracted to carry out the preparatory work to begin iron ore mining in Kaunisvaara in Pajala. The client is Northland Resources AB and the contract amounts to approximately SEK 800 million.

The contract includes the design, earthworks, roads, buildings for the concentrator and construction of a crushing station, conveyors and more.

Engineering, procurement and installation of process equipment is not included in the contract.

For further information, please contact:

Anders Berntsson, project manager Peab +46 733 373343

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 1.35  p. m. on 31 May 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.