Skanska's Board of Directors proposes long-term employee ownership program for the Group

Skanska's Board of Directors proposes long-term employee ownership program for
the Group

Skanska's Board of Directors is proposing a long-term ownership program for all
permanent employees in the Skanska Group.

The purpose of the program is to strengthen incentives for retaining and
recruiting qualified personnel and to align employees more closely to the
shareholders. In the coming years, Skanska is facing significant needs around
the world for new personnel and the opportunity to offer ownership is of great
importance to strengthen the attractiveness of the company.

Against this background, the Board of Directors considers that the program will
have a positive impact on the Group's continued development and thus benefit
both Skanska's employees and the company's shareholders. During the preparations
of the proposal, comments from major institutional shareholders have been taken
into consideration.

The program provides employees the opportunity to invest in Skanska shares and
at the same time they get incentives of potential allotment of further shares.
The allotment is mainly based on performance and the program includes ceilings
that limit the costs for Skanska.

“It is very gratifying that we are now able to propose a program in which
Skanska employees will have an opportunity to participate in the company's
development and future value growth. We also expect that this will benefit the
company and its shareholders,” says Sverker Martin-Löf, Chairman of the Board of
Skanska.

Brief description of the program
The new program is proposed to contain no more than 13,500,000 Series B shares
and will be offered to all the approximately 47,000 permanent employees in the
Group, including some 2,000 key employees and 300 senior executives. 

In brief, the program will mean that these employee groups will be offered an
opportunity to invest in Skanska Series B shares. The investment is maximized to
5, 7.5 and 10 percent, respectively, of gross salary for the employee groups.
For each four Series B shares acquired, the employee will be offered one
“matching” share without consideration. Moreover, the employee could for every
four Series B shares receive an additional 3-15 “performance” shares, according
to job position and based solely on how earnings-based performance terms are
met. These terms are based on so called financial Outperform targets to be
established annually by Skanska's Board of Directors. The Board of Directors
will also be able to reduce the allotment of shares.

The program is proposed to extend for three years from 2008 to 2010, with
allotment of shares earned by the employees not taking place until after a
three-year vesting period, meaning from 2011 to 2013. In order to be able to
earn matching and performance shares, employees must be employed during the
entire vesting period and have retained their purchased shares.

The proposed program is intended to replace such programs as the three-year
share incentive program for senior executives and other key persons within
Skanska that was approved by the 2005 Annual Shareholders' Meeting and which
will expire during 2007. It will also replace The Profit-Sharing Foundation for
employees in Skanska's Swedish units and the incentive program for certain
employees in the US units.

Skanska's costs for the program will be limited by ceilings, meaning that
Skanska's total cost for each year's program will not exceed 15 percent of EBIT
or no more than SEK 630 M. The programs that it will replace have a total
maximum annual cost of SEK 495 M.

The Board of Directors will convene an Extraordinary Shareholders' Meeting in
Skanska to decide on the ownership program. The meeting is planned for 4pm,
November 29, 2007 at Skanska's Head Office, Råsundavägen 2 in Solna, Sweden. 

The Board of Directors' full proposal will be published on the Skanska Group
website www.skanska.com from November 2.


For further information please contact:

Sverker Martin-Löf, Chairman of the Board, Skanska AB, tel +46 8 788 51 51.
Stuart Graham, President and CEO, Skanska AB, tel +46 8 753 88 00.
Peter Gimbe, Press Officer, Skanska AB, tel: +46 8 753 88 38. Direct line for
media: tel: +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 SEK 126 billion.