Peab’s acquisition of Terje Hansen approved

Peab has previously announced the acquisition of 65 per cent of the shares in Terje Hansen AS. The Norwegian Competition Authority has decided not to intervene thus approving the acquisition. Peab has taken over the shares as of 22 August 2011.

Terje Hansen has 45 employees and a turnover of NOK 144 million during 2010.

For additional information, please contact:

K-G Karlsson, division manager Peab +46 733 848589

Gösta Sjöström, CIO Peab                   +46 733 371010

PeabAB 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 1.00 p.m. on 22 August 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 15,000 employees and a net sale amounting to around 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.