Skanska to construct office in Norway for NOK 290 M, approximately SEK 360 M

Skanska has secured the assignment to construct an office building in Asker, outside Oslo. The construction contract totals NOK 290 M, approximately SEK 360 M, which will be included in order bookings for the first quarter 2010. The customer is the Norwegian industrial and finance company Ferd.

As part of the agreement, Ferd will take over land previously owned and developed by Skanska. The project includes a new office building that Ferd has leased to Aibel – a company that is active in service for the oil industry. The project comprises a total of 23,000 square meters, of which the office portion is 15,000 square meters and the remainder is a parking garage. The work on-site will commence in May and the project will be completed in December 2011. Skanska Norway focuses on construction and civil engineering operations. The unit has about 4,000 employees. In 2009, Skanska Norway generated revenues of approximately SEK 11.2 billion. In Norway, Skanska is also active in the development of residential projects and Public Private Partnership, PPP, projects. For further information please contact: Geir Linge, Communications Manager, Skanska Norway, tel +47 92 25 11 25. Peter Gimbe, Press Officer, Skanska AB, tel +46 10 448 88 38. Direct line for media: tel +46 10 448 88 99.