Peab restores the railroad north of Karlskrona

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Peab has been commissioned to carry out the restoration of the railway between Karlskrona and Emmaboda. The customer is Swedish Transport Administration and the contract amounts to SEK 265 million.

The contract includes the rehabilitation of track and overhead line, construction of bridges, conversion of railroad yard, new establishment places, level crossing and various measures of capacity and safety improvements.

The mission is a performance contract-enhanced interaction. Peab and the Transport Administration will work together to develop optimal solutions with regard to the environment, economy, technology and time keeping.

The work will begin in August 2010 and it is estimated to be ready in October 2013.

For further information, please contact:

Göran Wiking, region manager Peab +46 733 374748

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 10 am on 29 June 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.