New conditions for Peab Convertible Promissory Notes 2005/2008

New conditions for Peab Convertible Promissory Notes 2005/2008

Due to the distribution of Peab Industri AB and the Split 2:1 of the Peab AB
share, the conversion price of Peab Convertible Promissory Notes 2005/2008, has
been recounted. The new conversion price amounts to SEK 23.80 (SEK 87.00 before
the recount).

The outstanding amount of Peab Convertible Promissory Notes 2005/2008 is SEK 10
996 452, which after the recount corresponds to at most 462 035 new shares.

The number of registered shares before dilution amounts to 174 139 096, and
after full dilution to at most 174 601 131 shares.

Peab Convertible Promissory Notes 2005/2008 will be running till 15 June 2008
and can be converted during the periods 26 November-
12 December 2007 and 1 April - 15 April 2008.



For additional information, please contact:
Mats Leifland, CFO Peab + 46 733 371006
Gösta Sjöström, information manager Peab + 46 733 371010



Previous press releases from Peab are available at www.peab.com

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



Peab is one of the leading construction and civil engineering companies in the
Nordic countries with a net sale exceeding SEK 30 billion and approximately
12,000 employees. The Group's subsidiaries have strategically located offices in
Sweden, Norway and Finland. The share is listed on the Nordic Exchange. The
registered office of the Group is at Förslöv, Skåne in south of Sweden.