Peab builds in Hammarby Sjöstad

Peab has been commissioned to rebuild and enlarge an office complex in Hammarby
Sjöstad in Stockholm. Peab received the order from Fabege's subsidiary Induco AB
and the value of the contract is SEK 139 million. 
The commission is a performance contract to be carried out in cooperation with
the remaining tenants. Construction has begun and is expected to be completed in
the spring of 2009. 

For further information, please contact:
Christer Olsson, Regional Manager Peab +46 733 372284
Gösta Sjöström, Information Director Peab +46 733 371010

Previous press releases from Peab are available at

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 10.31 am on 26 February 2008.

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.