Peab acquires and divests property in Stockholm

Peab acquires and divests property in Stockholm

Peab has signed a contract with Fabege for the acquisition of the property
Racketen 11 in Alvik in Bromma, with planned housing building permits for
approximately 20.000 square metres. The deal is pending approval of the zoning
plan.

Peab is going to develop the new city district Ulriksdal in Solna and has signed
a collaboration agreement with Fabege to progressively divest some 50 000 square
metres office building permits, which are located next to Europe road E4.

Peab has sold its 50 per cent share in Deamatris to Fabege. Deamatris owns and
develops the Krejaren 2 property at Östermalmstorg. Peab's capital gain from
Krejaren amounts to SEK 30 million, which will be recognized in the income
statement in the first quarter of 2008.


For additional information, please contact:
Anders Elfner, Deputy MD Peab +46 733 371009
Gösta Sjöström, CIO, 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 3.30 p.m. on 4 March 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.