Peab sells residential properties to Willhem AB

Peab sells two completely developed properties and four properties under construction to Willhem AB. The total underlying property value amounts to SEK 640 million.

The finished residential property consists of 180 student apartments in Tullinge in Botkyrka and 32 apartments in Halmstad. The takeover is planned for the second quarter of 2012 and is expected to generate capital gains of SEK 35 million, which will be reported in business area Property Development.

The property under construction consists of 354 apartments being built on four properties located in Linköping, Malmö and Jönköping. Production of these properties is expected to be completed in 2013 and the takeover will take place when they are completed and the agreed occupancy rate has been reached.

For further information, please contact:

Göran Linder, Peab Property Development +46 733339422

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 9:00 a.m. on 2 March 2012.

Peab is the Nordic Community Builder with 15,000 employees and a net sale exceeding 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.