Peab builds Oslo Z

Peab builds Oslo Z

Peab's Norwegian subsidiary, Peab AS, has been commissioned to build an office
and shop building in central Oslo. Peab received the order from Entra Eiendom AS
and the value of the contract is MNOK 368.
Oslo Z will be a new landmark in Oslo. The architecture of the seven story
building, with an underground garage adjacent to the Central Station in Oslo,
will be spectacular.

Construction will commence during the spring 2008 and is expected to be
completed at the turn of the year 2009/2010.

For additional information, please contact:
Ole Kristoffer Herlofsen, Project Manager Peab AS +47 995 97 632
Gösta Sjöström, Information Director, Peab + 46 733 371010


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


Peab AB discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 11.01 am on 4 February 2008.