Peab to build Telias new office in Malmoe

Peab to build Telia's new office in Malmö Peab have won the contract to build a new office for Telia on the Kranen estate in Malmö. The contract is worth 225 million Skr and the clients are Telia and Utvecklings AB Kranen. The contract is an all-in contract which will commence in September 2002 and is estimated to be completed in May 2004. - This contract is very important for Peab because it signals the beginning of the development of the Kranen estate in Malmö. This autumn Peab will also begin housing construction on the estate, comments Peab CEO Mats Paulsson. For more information please contact: Jan Hildingsson, arbetschef Peab 0733-37 40 80 Gösta Sjöström, informationschef Peab 0733-37 10 10 Previously posted press releases from Peab can be found at www.peab.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/07/02/20020701BIT01000/wkr0001.doc http://www.waymaker.net/bitonline/2002/07/02/20020701BIT01000/wkr0002.pdf

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Peab is a leading Nordic construction and civil engineering company with about 16,000 employees and about SEK 55 billion in net sales. The Group has strategically placed offices in Sweden, Norway, Finland and Denmark. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on NASDAQ Stockholm.

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