Peab to build flats in Kungsängen

Peab to build flats in Kungsängen

Peab has been contracted to build 161 tenant-owner flats and a garage with 190
parking places in Kungsängen, west of Stockholm. The client is the tenant-owner
society Branten and the community of Upplands-Bro. The contract is worth SEK 390
million.

It is a turn-key contract which has started and it will be ready for moving in
stages from March 2009.


For additional information, please contact:
Tomas Anderson, division manager Peab + 46 733 372000
Gösta Sjöström, information manager, Peab + 46 733 371010


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

This information is such that Peab AB is obliged to publish in accordance with
the Swede Act regarding the Securities Market and/or the Financial Instruments
Trading Act or has itself chosen to publish.



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.