Peab to build apartments in Stockholm

Peab to build apartments in Stockholm Peab have won the contract to build 50 new apartments in Tumba in the south of Stockholm. The client is the housing co-operative Kronan and the contract is worth SEK 87 million. The apartments will be ready to move into during the autumn 2004. In Tumba Peab will also build garage, roads and roundabouts for SEK 19 million. Peab has also been awarded the contract to build 187 new student apartments in Huddinge. The client is the TomtebergaHuge Fastigheter and this contract is worth SEK 80 million. It is an all-in contract that already has begun and it is expected to be completed in September 2004. For more information, please contact: Tomas Anderson, Division Manager Peab +46 70 634 49 94 Gösta Sjöström, Information Manager Peab +46 733 37 10 10 Previous press releases from Peab are available at ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download:

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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.