Peab takes out new funding

Peab takes out new funding Peab has signed bilateral loan agreements to a total of SEK 3.0 billion with eight banks. The new loan agreements mature in five years time without amortization obligations, and they replace five existing bilateral loans totalling SEK 2.7 billion, which originally matured in December 2005. The eight lenders with whom Peab has signed agreements are Swedbank, Nordea, Danske Bank, Handelsbanken, HSH Nordbank, Swedish Export Credit Corporation, DnB NOR, and Sampo Bank. The loan agreements constitute Peab's funding base which will be supplemented with other types of short-dated operational financing and project-related credits. "The timing of the renegotiation of Peab's funding base is expedient. Earlier in the year we set up a commercial paper program and the supply of capital has proved to be good at the moment. Increasing the number of banks from five to eight means that Peab will obtain access to more financial service providers in the markets and product segments where we operate," declares Peab's managing director Mats Paulsson. For further information contact: Jesper Göransson, deputy CFO Peab +46 733 37 10 13 Gösta Sjöström, information manager Peab +46 733 37 10 10 Previous press releases from Peab are available at www.peab.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/09/29/20040929BIT00070/wkr0001.pdf