Skanska proceeds with the acquisition of Selmer

Skanska proceeds with the acquisition of Selmer Skanska has now received all approvals upon which its voluntary cash offer for all outstanding shares Selmer ASA was conditioned and is therefore in a position to proceed with the transaction as planned. Payment for shares to be acquired under the voluntary cash offer, which has been accepted by shareholders representing 98.3 percent of the shares in the company, will th be settled on July 14 , 2000. A mandatory offer for remaining outstanding shares in Selmer will be launched as soon as possible thereafter. For further information please contact: Staffan Schéle, Corporate Finance, + 46 8 753 82 72 This and previous releases can also be found at www.skanska.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/07/07/20000707BIT00800/bit0001.doc http://www.bit.se/bitonline/2000/07/07/20000707BIT00800/bit0002.pdf