Peab’s Interim Report  January – March 2011

Operative net sales increased by 22 percent to SEK 8,797 million (7,189)

Operative operating profit amounted to SEK 102 million (107)

Earnings per share before dilution amounted to SEK 0.19 (0.27)

Orders received during the first quarter increased by 20 percent to SEK 10,306 million (8,591)

Order backlog for Construction and Civil Engineering has grown by 11 percent to SEK 29,689 million (26,769)

- The first quarter has been characterised by continued improvement in the economy and more activity on the construction market. We are well prepared to meet the challenges ahead of us in the work of establishing ourselves as the Nordic community builder. This interim report will be my last as CEO for Peab and Jan Johansson will now take over the helm and lead the company onward in true Peab spirit, says Peab’s CEO and President Mats Paulsson.

For additional information, please contact:

Gösta Sjöström, CIO                                                 +46 733 371010

Jesper Göransson, CFO                                            +46 733 371013

Jan Johansson, vice President                                 +46 733 374000

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 1.00 p.m. on 10 May 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 approximately 14,000 employees and a net sale amounting to around SEK 38 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.