Peab to repurchase shares

Peab's Annual General Meeting decided May 11, 2010 to provide the Board with a authorization that, in the period until the next AGM, to acquire such maximum number of shares in Peab AB to the company after the acquisition, holding a maximum of one tenth of the total number of registered shares. Peab's board has under this authorization, decided to acquire a maximum of 2 million Peab B shares. The acquisitions will be done on the NASDAQ OMX Stockholm at the current share price. Peab's holding of own shares amounts to 4.906.220 B shares, equivalent to 1.7 percent of the total number of shares registered shares amounting to 296 049 730th The purpose of the repurchase is in part to regulate the company’s capital structure, in part to finance acquisitions and such like or, according to the decision of the Annual General Meeting, to keep the number of shares unchanged if and when convertible debentures issued in December 2007 are converted. For further information, please contact: Jesper Göransson, CFO Peab +46 733 371013 Mats Leifland, IR Peab +46 733 371006 Gösta Sjöström, CIO Peab +46 733 371010 Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 8 a m. on 12 May 2010. Previous press releases from Peab are available at www.peab.com