Work begins on the first projects of Arenastaden in Solna - Peab builds for SEK 3.2 billion

Work begins on the first projects of Arenastaden in Solna - Peab builds for SEK
3.2 billion

Peab has been commissioned to build the Swedbank Arena in Solna. Peab received
the order from Arenabolaget in Solna and the value of the contract is SEK 2.2
billion. The project is a general contract and construction will start in June
2009, on the condition that zoning has gained legal force. Construction is
expected to take around 38 months, which means that Swedbank Arena will be ready
to inaugurate in 2012.

Peab will also construct two bridges over the railroad in Solna as well as build
the roads and infrastructure adjoining the Swedbank Arena. Peab received the
commission from Råsta Projektutveckling AB and the value of the contract is
around SEK 1 billion. The commission is a partnering contract and construction
will begin in June 2009, on the condition that zoning has gained legal force.

Swedbank Arena will replace Råsunda as Sweden's national soccer arena. The
facility will be Northern Europe's largest venue with a closable roof for
sports, concerts, culture, business etc. Public capacity at Swedbank Arena will
be 50,000 spectators at soccer matches and more than 60,000 spectators at
concerts. The projects will be reported in the second quarter 2009.


For additional information, please contact:
Anders Elfner, vice CEO Peab +46 733 371009
Gösta Sjöström, CIO Peab +46 733 371010

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 8.30 a.m. on 11 May 2009. 

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 35 billion and approximately
15,000 employees. The Group's subsidiaries have strategically located offices in
Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The
registered office of the Group is at Förslöv, Skåne in south of Sweden.