Peab to build new arterial road in Malmö

Peab to build new arterial road in Malmö Peab have won the contract to build a new arterial road into Malmö from the Outer Ring Road. The client is the City of Malmö and the contract is worth SEK 75 million. The road, which will be 2.5 km long, will run from Bunkeflo, south of Malmö, to an intersection with Lorensborgsgatan. The contract also includes three traffic roundabouts, five flyovers, a 1,000 metre of noise protection wall, anti-noise banks and protective shrubberies. Work will begin in November 2002 and is expected to be completed during winter 2003. For more information please contact: Lennart Bramsved. Project Manager +46 733 37 48 33 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 15,000 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.