Peab sole owner of Fältjägaren in Östersund

Peab has from Norrvidden acquired 50 per cent of the shares in Fältjägaren Properties AB (FFAB) in Östersund. Peab thus becomes sole owner of FFAB. Fältjägaren owns and develops the former regimental area I 5 in central Östersund. In 2005 the work began with rebuilding the barrack buildings and new construction of commercial space. The next step in the development will be to begin construction of flats, as there is a great need in Östersund. - This is a good solution for all parties, company owners and the municipality. Fältjägaren can now complete their commitment to the municipality, "says Mats Leifland and Peter Andersson in a joint statement. For further information, please contact: Mats Leifland, deputy MD Peab +46 733371006 Gösta Sjöström, CIO Peab +46 733 371010 Peter Andersson, MD Norrvidden 46 60 137609 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 11.00 a.m. on 17 March 2010. Previous press releases from Peab are available at www.peab.com