Peab acquires BEFAB in Linköping

Peab acquires BEFAB in Linköping

Peab has acquired the land developer Berg och Falk AB (BEFAB), which is
primarily active in the Östergötland region. 
BEFAB mainly works with land development, management and maintenance as well as
ballast production. The company has around 200 employees and a turnover of
approximately SEK 360 million. The seller, Ryno Berg, will continue as MD in the
company and the business will continue to function in its current form under the
brand name BEFAB. Part of the purchase sum will be paid in Peab shares. The
Swedish Competition Authority must approve the acquisition in order for the
contract to be valid. Ownership takeover is expected to take place on 1 July
2008.

The customary personnel negotiations have been completed. 

- The acquisition strengthens and compliments Peab's existing civil engineering
organisation in Östergötland well,” comments Peab's Deputy CEO Jan Johansson.

- Selling to Peab provides us with vital opportunities to further develop
operations in BEFAB, comments the seller and MD Ryno Berg.

For further information, please contact:
Jan Johansson, Deputy CEO Peab, +46 733-37 40 00
Ryno Berg, MD BEFAB, +46 706-21 15 52
Claes Bille, Personnel Director BEFAB, -46 733-12 35 60
Gösta Sjöström, CIO Peab +46 733-37 10 10

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 14:01 p.m. on 4 June 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.