Peab receives continued confidence from LKAB

Cliffton Mining, a company in the Peab group, has been entrusted to carry out the loading and transportation of ore and waste rock from LKAB's opencast mine Gruvberget in Svappavaara. The assignment also includes the handling of raw materials and additives for LKAB's iron ore production in Svappavaara. Contract extension relates to the period 2014-10-01 to 2015-12-31 with an option for a further year. The customer is LKAB and the contract amounts to approximately 300 million per year.

Cliffton Mining is Peab's brand of machinery and transport-intensive tasks in the mining industry.

For further information contact:

Peter Engström, Project manager Cliffton +46 706 770917

Gösta Sjöström, C I O   Peab +46 733 371010

Peab is the Nordic Community Builder with some 13,000 employees and net sales exceeding 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.

About Us

Peab is a leading Nordic construction and civil engineering company with about 15,000 employees and about SEK 53 billion in net sales. The Group has strategically placed offices in Sweden, Norway and Finland. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on NASDAQ Stockholm.

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