Peab rebuilds homes in Upplands Väsby

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Peab's subsidiary Kungsfiskaren has been contracted to carry out renovation of 473 apartments in Upplands Väsby. The customer is Väsbyhem AB and the contract amounts to SEK 106 million.

The mission consists of, among other things, building on the bathrooms, additional insulation on roofs, façade work and asphalt paving of roads. Work begins in October and is scheduled for completion in December 2012.

For further information, please contact:

Tommy Körsén, project manager Peab +46 733 372862

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 am on 10 September 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.