Peab stops issue of convertibles 2008/2012

Peab stops issue of convertibles 2008/2012

Peab's Annual General Meeting on 15 May 2008 approved the Board's proposal to
issue and transfer 2,000,000 convertibles on 1 December 2008 (Peab convertibles
2008/2012) to new employees in Peab. According to the decision by the AMG the
rate and interest of the convertibles would be based on market terms in the
autumn of 2008, and the offer was to be made to employees in November 2008.

In light of the current financial turbulence, the changed conditions on the
market since the AMG decision, and the likely assumption that the offer to new
employees is no longer in the interest of the shareholders, the Board has
decided to stop the program to issue, and to new employees transfer, Peab
convertibles 2008/2012.

Peab's Board intends to bring up the matter of convertibles to new employees
once again at the next Annual General Meeting.
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For additional information, please contact:
Mats Leifland, Deputy MD Peab +46 733 371006
Gösta Sjöström, CIO, Peab +46 733 371010


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 08:40 a.m. on 13 October 2008.

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.