Record order to Peab - Peab to build the largest shopping mall i Scandinavia

Peab has been contracted to build the shopping center Mall of Scandinavia in Solna. The client is Unibail-Rodamco and the contract amounts to about SEK 3500 million.
Mall of Scandinavia will be the largest and most modern shopping mall in Scandinavia with 250 stores and several restaurants will be established. The five-storey building will be built next to Swedbank Arena and Quality Hotel Arena in Solna, which both are under construction.

With Mall of Scandinavia, Arenastaden will be a future-oriented neighborhood and a unique venue with a wide range of modern housing, services and communications in the top class, hotels, shopping, convention center, and all kinds of experiences at Swedbank Arena. In addition, many large companies such as Vattenfall, have moved its headquarters to Arenastaden.

Mall of Scandinavia is scheduled for completion in the autumn of the 2015. The order of this project will be notified in the first quarter of 2012.

Peab President and CEO Jan Johansson says:
- Mall of Scandinavia is Peab's largest contract so far and it becomes an important part of the largest development project in Sweden, Arenastaden.

- This is a mall far beyond the ordinary and together with our partners we will deliver high quality throughout the process.

For additional information, please contact:

Jan-Olof Nordin, division manager Peab +46 733 372400

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 7.00 am on 23 December 2011.

Peab is one of the leading construction and civil engineering companies in the Nordic countries with 15,000 employees and a net sale amounting to around SEK 40 billion. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.