Skanska refurbishes public areas of the Victoria Intercontinental Hotel in Warsaw, Poland

Skanska refurbishes public areas of the Victoria Intercontinental Hotel in Warsaw, Poland Skanska has signed a contract to refurbish the public areas of the five star Victoria Intercontinental Hotel in Warsaw, Poland. The order value is USD 12 M, approximately 100 M SEK. The client, Orbis, is the largest hotel operator in Poland, with 55 hotels in the country. "We are very pleased with Skanska's performance which enabled us to continue hotel operations throughout the recent refurbishment of the guest-rooms," says Marek Stopczyk, Director of the Hotel." Our guests expressed their appreciation, and we are now looking forward to start the refurbishment of this second phase." "This order strengthens our position as provider of construction-related services for the hotel industry where we see a positive development in Poland," says Bertil Nilsson, Country Manager of Skanska Polska. The work starts immediately and is scheduled for completion in December 2000. As previously the hotel will continue operating during the entire construction period. Skanska has received more than ten assignments from Orbis since entering Poland in the 1970s. These include construction of the Forum and Solec hotels in 1973 as well as Victoria Intercontinental in 1976, of which all guest-rooms were refurbished in 1997-98. Stockholm, September 9, 1999 SKANSKA AB Group Communication For additional information please contact: Bertil Nilsson, Country Manager, Skanska Polska, tel. +48 22 653 8452, + 48 22 (0)601 25 7770 Göran Ekeroth, Project Manager, Skanska Polska, tel. +48 22 (0)601 274 999 Maria Bocangel, Communications Manager, Skanska Polska, tel. +48 22 653 84 90 This and previous releases are also available on www.skanska.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/09/09/19990909BIT00420/bit0001.doc http://www.bit.se/bitonline/1999/09/09/19990909BIT00420/bit0002.pdf