Peab to build a new office building in Turku

Peab to build a new office in Turku Peab's Finnish subsidiary Peab Seicon has been contracted to build a new office building aimed for education in the Finnish town Turku. Peab has recently completed the construction of a similar office building in Seinäjoki. The client is Turku Science Park and the contract amounts to Euros 21 million. The building will be constructed in seven stages and the University of Turku, the Academy of Turku, the Trade High School of Turku are among the tenants. The work has begun and it is estimated to be ready in June 2006. For further information contact: Antti Peltoniemi, MD Peab Seicon +358 40 57 01 000 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/2004/09/02/20040902BIT00120/wkr0001.pdf

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Peab is a leading Nordic construction and civil engineering company with about 14,000 employees and about SEK 54 billion in net sales. The Group has strategically placed offices in Sweden, Norway and Finland. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on NASDAQ Stockholm.

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