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Skanska awarded construction contract for the new Skärholmen shopping center for SEK 500 M - total assignment valued at

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Skanska awarded construction contract for the new Skärholmen shopping center for SEK 500 M - total assignment valued at SEK 1.4 billion Skanska has been contracted to renovate and expand the Skärholmen Centrum shopping center outside Stockholm. The design/build contract, valued at SEK 500 M, is included in order bookings for the fourth quarter of 2004. In addition, there is an option for a further SEK 900 M, whereby the total assignment for Skanska could total about SEK 1.4 billion. "It is very exciting to be awarded the extensive construction assignment as part of the development of the new Skärholmen Centrum into one of the Nordic region's largest shopping centers," says Jimmy Bengtsson, Business Manager, Skanska Sweden. Pre-engineering and preparation begin immediately and work at the site will start after year-end. The center facility was originally built in the 1960s and the new Skärholmen Centrum shopping center is planned to be completed for the 40th anniversary in 2008. The retail floor space will be increased from 38,000 square meters to more than 60,000 square meters under roof. "It will be business as usual during the renovation period and the project offers many challenges," says Thomas Persson, Project Manager, CentrumKompaniet, which is owned by Stockholm Stadshus AB and responsible for management and development of Skärholmen Centrum. "Skanska was awarded the contract based on it ability to present an organization with extensive expertise and experience, combined with a competitive bid." Existing and new stores will be open during the construction period. Currently, there are about 130 stores. The entire renovation project is part of the Southern Suburbs Vision project for upgrading Stockholm's southern suburbs. For further information please contact: Jimmy Bengtsson, Business Manager, Skanska Sweden tel +46 8 504 350 27 or +46 70 537 91 10 Peter Gimbe, SVP Communications, Skanska AB, tel +46 8 753 88 38 This and previous releases can also be found at www.skanska.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/09/08/20040908BIT20140/wkr0001.pdf PDF

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