Skanska to construct Heron Tower in London

Skanska to construct Heron Tower in London

Skanska today has been awarded the contract to construct Heron Tower in the City
of London by the trustees of the Heron Tower Property Unit Trust. The contract
value is around GBP 242 M, about SEK 3.3 billion, which is included in order
bookings for the fourth quarter of 2007.

When complete, Heron Tower will be one of the tallest towers in the City of
London with its 46 storey's rising to a height of over 202 metres. At the top of
the building sits an elegant mast giving an overall height of 242 metres.

The new Heron Tower development is being constructed at 110 Bishopsgate in the
City of London and demolition of the existing buildings is already underway.
Skanska has also been involved since last spring, under a pre-construction
services agreement in the design process which included key components of the
tower such as cladding, structural steel, mechanical and electrical services and
lifts along with strategic logistical planning which will contribute to a
successful delivery of the tower. 

The main construction work will start at the beginning of 2008, with both the
sub-structure and super-structure works being carried out in parallel to achieve
an overall shortened build period. The project is scheduled to be completed in
early 2011. 

Skanska has combined its skills to offer its client a total building solution,
which incorporates expertise from all of its operating units: mechanical,
electrical, plumbing and IT services, piling, steel decking, suspended ceilings
and engineering resources. 

Heron Tower heralds a long series of Skanska projects contributing to a renewal
of the London skyline, such as 30 St Mary Axe, The Ministry of Defence's
Headquarters on Whitehall, Moorhouse and Palestra. 

In addition, the company is currently working on Queen Anne's Gate, One Kingdom
Street and PaddingtonCentral. As earlier reported, work has begun on a number of
new projects during 2007, totaling GBP 332 M, about SEK 4.5 billion. These
include Crown Place, Dashwood House, Gresham Street and The Walbrook.

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 further information please contact:

Tanya Barnes, Head of Communications, Skanska UK,
tel +44 1923 423 905 
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.