Share exchange established in Peab’s offer to shareholders in Annehem Fastigheter

• The Average Share Price in Peab during the Measurement Period has been established at SEK 35.27 • The share exchange according to the Share Alternative amounts to 0.6946 portions of a B share in Peab for each share in Annehem Fastigheter, which corresponds to SEK 24.50 per share in Annehem Fastigheter According to the offer made by Peab AB (publ) (“Peab”) to the shareholders of Annehem Fastigheter AB (publ) (“Annehem Fastigheter”) a cash payment of SEK 21.00 is offered for each share in Annehem Fastigheter (“Cash Alternative”). As an alternative to the Cash Alternative, B shares in Peab are offered for shares in Annehem Fastigheter (“Share Alternative”). The share exchange ratio according to the Share Alternative depended on the volume-weighted average price paid for Peab B shares on NASDAQ OMX Stockholm (“Average Share Price in Peab”) during the period from 18 May to 1 June 2009 (“Measurement Period”) and has now been established according to the terms below. The Average Share Price in Peab during the Measurement Period is established at SEK 35.27. This entails a share exchange according to the Share Alternative of 0.6946 portions of a B share in Peab for each share in Annehem Fastigheter, which corresponds to SEK 24.50 per share in Annehem Fastigheter. The last day of acceptance of the offer is 18 June 2009. For more information please see the prospectus which was made public on 14 May 2009 and the supplementary prospectus made public on 20 May 2009 and which is available electronically at www.fi.se, www.peab.se and www.swedbank.se/prospekt. These are only available in Swedish. For additional information, please contact: Jesper Göransson, CFO Peab +46 733 371013 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 8.30 p.m. on 2 June 2009. Previous press releases from Peab are available at www.peab.com