Conversion of Peab Convertible Promissory Notes 2005/2008

Conversion of Peab Convertible Promissory Notes 2005/2008

During June 2005 Peab issued totally 5 500 000 convertible loans to the
employees. The period 26 November to 12 December 2007 was the second opportunity
to convert these Peab Convertible Promissory Notes 2005/2008 to B-shares.

Of the remaining outstanding faced value amounting to SEK 11 million, has SEK
7.5 million been converted to 313 610 new B-shares. After the conversion, are
nominally SEK 3.5 million remaining of Peab Convertible Promissory Notes
2005/2008, which can converted to at most 148 425 new B-shares to a conversion
price amounting to SEK 23.80.

The number of registered shares in Peab AB amounts after the conversion to 19
611 404 
A-shares, 154 841 302 B-shares or totally 174 452 706 shares


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 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.