Skanska tenders for the minority in the Czech Construction Company IPS

Skanska tenders for the minority in the Czech Construction Company IPS Skanska as a 66.97 percent shareholder of IPS has today announced the new mandatory minority shareholder tender for IPS. The tender opens on 27 July 2000 and will last until 25 September 2000. Skanska offers CZK 191 share. Skanska has increased its holdings of IPS shares by 130.000 ordinary shares (0.92 percent) since June 29. Skanska has paid a total consideration of CZK 2.47 billion (USD 64.8 mln) for 66.97 percent of IPS' shares. The acquisition of IPS is part of Skanska's expansion strategy in Central and Eastern Europe. Please, read the press release of June 29 for more information regarding IPS and the Czech construction market. For further information please contact: Peter Wallin, Head of Investor Relations, Skanska AB, Mobile +46 709 53 88 86 Anders C. Karlsson, President Skanska Europe AB, Phone +46 40 14 42 43 This and previous releases can also be found at www.skanska.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/07/26/20000726BIT00320/bit0001.doc http://www.bit.se/bitonline/2000/07/26/20000726BIT00320/bit0002.pdf