Skanska to expand British Prison for GBP 52 M, about SEK 640 M

Skanska to expand British Prison for GBP 52 M, about SEK 640 M

Skanska has been awarded a contract for the design and construction of an
extension to the British HMP Lowdham Grange prison in Nottinghamshire in central
England. The contract amount is GBP 52 M, about SEK 640 M, which is included in
order bookings for the second quarter of 2008. The customer is Serco, which
operates and manages the prison on behalf of HM Prison Service.

The project involves construction of two housing blocks with a total of 260
cells and a two-storey activities building covering approximately
2,900-square-meters. Work also includes the expansion and renovation of existing
buildings as well as upgrading of the external environment within the security
zone.  Skanska is also responsible for the structural and civil design, and
mechanical and electrical installations.

Construction will begin in July 2008 with completion of the main works in early
2010 and the total completion of the scheme set for summer 2010.

Skanska was also responsible for the design and construction of the original
500-place prison, which was completed in 1997 and a 128 place extension,
completed in 2007.

Earlier this year, Serco awarded Skanska the project to expand the prison at
Dovegate in northern England, in which the contract amount was GBP 53 M.

Skanska UK reported revenues of SEK 17.7 billion in 2007, with about 5,500
employees. The company is active in building and civil construction, utilities
and building services. Skanska is also a leader in the British program for
private public partnerships, PFI (Private Finance Initiative) 


For further information please contact:
Anders Lilja, Senior Vice President, Investor Relations, Skanska AB, 
tel +46 8 753 88 01.
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38
Direct line for media: tel +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 60,000 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
2007 totaled SEK 139 billion.