Skanska to build offices for Hydro in Oslo for SEK 380 M

Skanska to build offices for Hydro in Oslo for SEK 380 M

Skanska has been contracted to construct an office building in Oslo. The
contract amount totals NOK 334 M, about SEK 380 M, which is included in order
bookings for the fourth quarter. The customer is Hydro.

The new offices will be constructed adjacent to Hydro's existing head office
building on Vækerø, outside Oslo, The four-story building will comprise about
15,000 square meters.

Work at the site will begin in January 2008 and the project is scheduled to be
completed in June 2009.

Skanska Norway has carried out a number of building construction and civil
engineering projects for Hydro, a repeat customer. Among the largest is the
expansion of the Ormen Lange gas field, in which Skanska was responsible for
most of the land facilities. 

Skanska Norway focuses on building construction and civil engineering. The unit
has about 4,300 employees. In 2006, Skanska Norway had sales of about SEK 10.6
billion. Skanska is also active in Norway in the development of residential
projects and Public Private Partnership (PPP) projects.


For further information please contact:

Geir Linge, Head of Communications, Skanska Norway, tel +47 4000 6400
Anders Lilja, Senior Vice President, Investor Relations, Skanska AB, tel +46 8
753 88 01


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

Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets 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.