Peab's largest building project in Trondheim

Peab's Norwegian subsidiary Peab AS has been commissioned to build project Speilet, a residential and office complex in downtown Trondheim. The client is Kaibygg II Lower Elvehavn owned by Prora Eiendom / Reitan Eiendom. The contract amounts to NOK 100.5 million.
Work will begin in January 2012 and is scheduled for completion in summer 2013th
This is Peab's largest building project in Trondheim so far and now we will see that it corresponds to the confidence the client has given us, says Asbjorn Löksa, which will be responsible for the project.

Peab establishment in Trondheim is in line with the further development Peab as the Nordic Community builder.

- This high-profile project will strengthen Peab in the Norwegian market, says Peab AS MD Petter Moe in a statement.

For additional information, please contact:

Asbjörn Löksa, project manager   +47 91660750

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 12 am on 9 December 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.