Peab’s Year-End Report   January – December 2010

Operative net sales increased by 9 percent to SEK 38,184 million (35,140)

Operative operating profit amounted to SEK 1,563 million (1,601)

Earnings per share before dilution amounted to SEK 4.11 (4.52)

Orders received during the year increased by 14 percent to SEK 34,764 million (30,393).

Order backlog for Construction and Civil Engineering has grown by 11 percent to SEK 27,063 million (24,487)

Housing construction continues to grow

The Board proposes SEK 2.60 (2.50) per share as dividend

- The Nordic construction market has gradually improved in almost every segment in 2010. Recovery has been faster than expected for us and investments in construction have increased remarkable. Naturally we see the rising tempo in the economy as positive, but at the same time it puts our attractiveness as an employer to the test, says Peab’s CEO and President Mats Paulsson.

For additional information, please contact:

Gösta Sjöström, CIO                  +46 733 371010

Mats Leifland, IR                       +46 733 371006

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 7.00 a.m. on 16 February 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 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.

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