Skanska awarded SEK 2 billion contract in London

Skanska awarded SEK 2 billion contract in London

Skanska has been awarded the contract to construct the Walbrook office and
retail development in central London. The contract amount totals GBP 150
million, or approximately SEK 2,050 M, and will be included in order bookings
for the third quarter. The customer is the UK property company Minerva.

The construction project, at the intersection of Walbrook and Bond Court, with
frontage on Cannon Street, will be one of the largest in the City of London. It
will comprise a total of approximately 60,600 sq m, including 35,000 sq m of
rentable office area and 6,000 sq m for stores and restaurants. 

Skanska secured the contract based on the company's expertise in such fields as
design, foundation engineering, piling, construction, steel decking and
mechanical and electrical engineering. There are few competitors in the UK
market that can offer such a broad range of services as Skanska.

Skanska has carried out two major projects for Minerva in recent years, the 90
High Holborn development and the redevelopment of the company's headquarters on
Wigmore Street. 

Work on the Walbrook project has now commenced and is expected to be completed
towards the end of 2009. 
Skanska UK reported revenues of SEK 12.3 billion in 2006, with about 5,500
employees. The company is active in building and civil construction, utilities
and building services. Skanska is also a leader in the British program for
private public partnerships, PFI (Private Finance Initiative).


For additional information, please contact:

Tanya Barnes, Head of Communications, Skanska UK,
Tel: +44 1923 423 905 
Agneta Ljunggren, Director, Group Internal Communications, Skanska AB, tel +46
70 609 00 44. Direct line for media: +46 8 753 88 99


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

This is the type of information that Skanska AB may be obligated to disclose in
accordance with the Swedish Securities Exchange and Clearing Operations Act
and/or the Financial Instruments Trading Act. 

Skanska is one of the world's leading construction groups with expertise in
construction, development of commercial and residential projects and
public-private partnerships. The Group currently has 56,000 employees in
selected home markets in Europe, in the US and Latin America. Headquartered in
Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in
2006 totaled USD 17 billion.