Skanska sells its shareholding in Jabo Trä

Skanska sells its shareholding in Jabo Trä Skanska is divesting its 40 per cent shareholding in Jabo Träprodukter AB (formerly Rörvik Timber), which is traded on the O-list of the Stockholm Exchange. In two separate transactions, AB Geijer Trä and Ittur Industrier AB is each acquiring half of Skanska's shareholding. The sale is expected to result in a minor capital loss for the Skanska Group. Skanska has held the shares in Jabo Trä since 1997 when it received the shareholding in a structural transaction in which Skanska and Rörvik Industrier combined its sawmill operations into a joint-venture company, Rörvik Timber. With today's two agreements, Skanska has facilitated an industrially correct solution for Rörvik Timber. The sale of non-core assets is part of Skanska's strategic focus on its core businesses - construction-related services and project development. For further information please contact: Peter Wallin, Senior Vice President, Investor Relations, Skanska AB, Tel +46 8 753 88 00. Tor Krusell, Senior Vice President Communications, Skanska AB, Tel +46 8 753 87 47. 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/2001/08/22/20010822BIT01060/bit0002.doc http://www.waymaker.net/bitonline/2001/08/22/20010822BIT01060/bit0002.pdf