Peab start off repurchasing own shares

The Annual General Meeting decided on 17 May 2006 to authorize the board of Peab to repurchase a maximum of 8 700 000 shares of Peab AB during the period up to the next Annual General Meeting. The board of Peab has today with support of this authorization decided to purchase a maximum of 1 000 000 shares. The shares may be acquired on the Stockholm Stock Exchange at the current exchange prize at the time. The purpose of the repurchase must be to adjust the company’s capital structure, to be used in financing acquisitions etc or to cover the company’s obligations in accordance with the terms for the convertible promissory notes which were issued in accordance with the decision of the Annual General Meeting on 12 May 2005. 2 093 200 own shares are owned by Peab before launching of repurchase programme. For further information contact: Mats Leifland, CFO +46 733 37 10 06 Gösta Sjöström, information manager Peab +46 733 37 10 10 Previous press releases from Peab are available at www.peab.com