Report from the Extra General Meeting in Peab AB

• Peab AB makes a public offer to shareholders and holders of convertibles in Peab Industri AB

• New issue of, at the most, 14,708,553 Class A shares and, at the most, 113,173,269 Class B shares

Peab AB (publ) (“Peab”) held an Extra General Meeting on Monday.

The General Meeting decided, according to the proposal by owners representing more than around 71 percent of the voting power in Peab (“Proposers”), to make a public offer to the shareholders and convertible holders in Peab Industri AB (publ) (“Peab Industri”) to acquire all the shares and convertibles in Peab Industri (“Offer”). The Offer entails that shareholders in Peab Industri are offered for two (2) shares in Peab Industri three (3) newly issued shares in Peab of each class. Holders of convertibles in Peab Industri are offered SEK 66.15 in cash per convertible, which corresponds to the nominal amount including accrued interest of the convertible. For the complete terms of the Offer please see a separate press release from Peab as well as the offer document which is expected to be released later today.

In order to fulfil the Offer the General Meeting decided on, in accordance with the Proposer’s proposal, a new issue of at the most, 14,708,553 Class A shares and, at the most, 113,173,269 Class B shares, each share having a par value of SEK 5.35. An addition of all the outstanding shares in Peab Industri may increase the share capital in Peab in total by, at the most, SEK 684,167,747.70. The new shares entitle the owner to dividends starting with the next Annual General Meeting after the issue decision.

All decisions were made with the necessary majority of votes.

For additional information, please contact:
Mats Leifland, Deputy CEO Peab +46 733 371006
Gösta Sjöström, CIO, Peab +46 733 371010

Previous press releases from Peab are available at www.peab.se

This information is such that Peab AB is obliged to publish in accordance with Swedish law regarding the securities market and/or the Financial Instruments Trading Act or has itself chosen to publish. The information was submitted for publication at 11:00 a.m. on 10 November 2008.


Previous press releases from Peab are available at www.peab.com