Peab's acquisition of Seicon complete

Peab's acquisition of Seicon complete Peab's acquisition of the Finnish construction company, Seicon, has been approved by the Finnish competition authorities. The approval was required for the deal to go ahead. At the end of August, Peab announced the acquisition of 86 per cent of the shares in Seicon, which in 2002 reported sales of EUR 110 million. Seicon has around 300 employees and an order book exceeding EUR 60 million. Following the acquisition, it is expected that Peab will reach sales of around EUR 160 million in Finland. The date of possession is set for 24 September 2003. Seicon will be consolidated in Peab from 1 October 2003. - Now that the acquisition is complete, we can push on and develop Peab at the Finnish building market, comments Peabs deputy MD Göte Brännvall. For further information contact: Göte Brännvall, Deputy MD Peab +46 733 37 10 04 Gösta Sjöström, Information Manager Peab +46 733 37 10 Previous press releases from Peab are available at www.peab.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/09/25/20030924BIT00750/wkr0001.doc http://www.waymaker.net/bitonline/2003/09/25/20030924BIT00750/wkr0002.pdf

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Peab is a leading Nordic construction and civil engineering company with about 14,000 employees and about SEK 54 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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