Skanska selling ongoing office project in Budapest

Skanska selling ongoing office project in Budapest

Skanska is selling the Nepliget Center office project in Budapest for EUR 72.2
M, about SEK 670 M. The buyer is an international real estate fund that will
takeover the property in pace with its completion.

In accordance with Skanska's information policy, the capital gain for commercial
development projects under construction is not disclosed. The development gain
is reported quarterly in pace with completion of the project.

The project comprises a total of 26,000 square meters being constructed in three
phases. These will be completed successively during 2008 and 2009.

Skanska Commercial Development Europe initiates and develops office and
logistics property projects. Operations are focused on the metropolitan areas in
the Czech Republic, Hungary and Poland. 

Skanska Commercial Development Europe is divided into three regional companies:
Skanska Property Czech Republic, Skanska Property Hungary and Skanska Property
Poland.

For further information please contact:

Lars Vardheim, President, Skanska Commercial Development Europe, 
tel +46 31 771 11 01 or +46 734 10 11 33
Peter Gimbe, Group Press Officer, Skanska AB, tel +46 8 753 88 38
Direct line for media: +46 8 753 88 99


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.