Skanska to build new USD 100 million Omni Hotel at CNN Center in Atlanta - Skanska's share of contract is

Skanska to build new USD 100 million Omni Hotel at CNN Center in Atlanta - Skanska's share of contract is USD 61.2 million Beers, one of Skanska's American subsidiaries, has been awarded a contract for construction management services to build a USD 100 million, 28-story hotel tower at the CNN Center in Atlanta, Georgia. Beers' contract is worth USD 61.2 million, approximately SEK 660 million. The order is included in the order bookings for the second quarter of 2001. The customer is a partnership between Omni Hotels, an American hotel chain, and Turner Broadcasting System, an AOL Time Warner company. Beers will be responsible for the construction management of the new hotel project. The entire project is valued at USD 100 million and the construction contract is for USD 72 million, of which Beers has 85 percent and Moody 15 percent. The 525,000 square foot hotel, which is to be built adjacent to an existing hotel at CNN Center in central Atlanta, will be the largest facility in Omni's chain of hotels. The hotel will have a stone curtain exterior and contain 600 rooms. It will have several reception rooms, the largest being a 2,500 square meter grand ballroom with floor-to-ceiling windows overlooking Centennial Olympic Park, a central meeting place during the Atlanta Olympic Games in 1996. Both Centennial Olympic Park and Philips Arena, which is also connected to CNN Center, were built by Beers. "It's an honor being selected to implement this first-class hotel project, which will be a landmark hotel for a strategic, high-profile site," said Jeff Cross, president of Beers' Corporate Commercial Group. Construction is scheduled to begin in January 2002 and be completed during the fourth quarter of 2003. Beers is a leading construction-services company in Georgia and in the southeastern United States. The Atlanta-based Beers' customers include companies active in the aviation, healthcare, education, sports, environment and manufacturing industries. Skanska has a total order backlog in the US of SEK 106 billion (approximately USD 10 billion). During the first six months of this year, the order backlog increased 49 percent. Skanska's American operations have thereby secured contracts that are equivalent to nearly two years of construction work. For further information please contact: Jeanne Peck, Director of Marketing, Beers Construction, Tel +1 404 656 1543 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/2001/09/27/20010927BIT00410/bit0002.doc http://www.waymaker.net/bitonline/2001/09/27/20010927BIT00410/bit0002.pdf