Peab continues to repurchase its own shares

Peab continues to repurchase its own shares

On the 15th of May, 2008 the Annual General Meeting authorised the Board of Peab
to repurchase, before the next Annual General Meeting, at the most the number of
shares in Peab AB so that the company will have a maximum holding of 17,400,000
shares when purchasing is completed.  

Based on this authorisation Peab's Board has decided to purchase a further
2,000,000 B shares. The shares will be acquired on the OMX Nordic Exchange in
Stockholm at the trading rate valid on the date of purchase.

Peab's current shareholding is 7,000,000 B shares, which corresponds to 4.01
percent of the number of registered shares. The total number of outstanding
shares in Peab is 174,601,113.

The purpose of the repurchase is in part to regulate the company's capital
structure, in part to finance acquisitions and such like or, according to the
decision of the Annual General Meeting, to keep the number of shares unchanged
if and when convertible debentures issued in December 2007 are converted.


For additional information, please contact:
Mats Leifland, CFO Peab +46 733 371006
Gösta Sjöström, CIO, Peab +46 733 371010


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


This information is such that Peab AB is obliged to publish in accordance with
Swedish law regarding the securities market and/or the Financial Instruments
Trading Act or has itself chosen to publish. The information was submitted for
publication at 8:30 a.m. on 16 May 2008.


For additional information, please contact:
Mats Leifland, CFO Peab +46 733 371006
Gösta Sjöström, CIO, Peab +46 733 371010


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


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.