Skanska -- Industrivarden requests reclassification of A shares to B shares


STOCKHOLM, Sweden, August 15, 2003 (PRIMEZONE) -- Industrivarden (Other OTC:IDVRF) has submitted a request to Skanska (Other OTC:SKSBF) to reclassify 5,000,000 Skanska A shares to the comparable number of B shares. As a result of the reclassification, Industrivarden's share of voting rights declines from 31.6% to 27.2%.

After reclassification, the number of A shares in Skanska will amount to 30,674,509, while the number of B shares in the company will total 387,878,563.

For further information please contact:

Hans Biorck, Executive Vice President and CFO, Skanska AB, tel +46 8 753 8832 Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 8838

This and previous releases can also be found at www.skanska.com

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The following files are available for download:

http://www.waymaker.net/bitonline/2003/08/15/20030815BIT00100/wkr0001.doc

http://www.waymaker.net/bitonline/2003/08/15/20030815BIT00100/wkr0002.pdf