Peab's Annual General Meeting 2009

Peab's Annual General Meeting 2009

•	Dividend adopted at SEK 2.25 per share
•	Continued authorisation for the repurchase of shares

Peab AB (publ) held its Annual General Meeting today, Thursday. The Annual
General Meeting adopted a dividend of SEK 2.25 according to the proposal from
the Board of Peab. The record date will be Tuesday the 19th of May and the
Euroclear will distribute this dividend on 25 May 2009.

The Annual General Meeting granted the Board and the Chief Executive Officer
discharge for the financial year of 2008.

The Board members Annette Brodin Rampe, Karl-Axel Granlund, Göran Grosskopf,
Mats Paulsson, Svante Paulsson and Lars Sköld were re-elected and Fredrik
Paulsson was newly elected. Göran Grosskopf was re-elected as Chairman of the
Board.

Alf Svensson, KPMG, was re-elected as auditor and Dan Kjellqvist, KPMG, as
deputy auditor. Thomas Thiel, KPMG, was newly elected as auditor and David Olow,
as deputy auditor. Through this decision the number of auditors was increased to
two and deputy auditors to two.

Remuneration to the Chairman of SEK 400,000 (unchanged) and to each other Board
Member not employed in the company SEK 150,000 (unchanged) was adopted.
Remuneration to each member of the remuneration committee and finance committee
not employed in the company of SEK 25,000 (unchanged) was adopted. The resulting
total remuneration to Board Members of SEK 1,250,000 (1,100,000) was adopted.
Auditor's fees shall continue to be those presented in an approved statement of
accounts.

The following changes in the articles of association were adopted:
§4,1 paragraph  Share capital may not be less than SEK 1,000,000,000 and nor
more than SEK 4,000,000,000. The number of shares may not be less than SEK
160,000,000 and no more than 640,000,000. Shares shall be in part A shares that
represent 10 votes per share and of which no more than 80,000,000 may be issued
and in part B shares of which no more than 560,000,000 may be issued. 
§7,2 paragraph   Notice of General Meetings shall be given through advertising
in the Swedish Official Gazette as well as the company's website. The fact that
the meeting has been summoned will be announced in Svenska Dagbladet. The
decision to change the second paragraph in §7 in the articles of association
shall be conditional upon that a change in the Company Act (2005:5551) on the
manner of summoning an Annual General Meeting, which would entail that the
proposed wording in §7 second paragraph above would be in keeping with the
Company Act, has taken effect.

The Annual General Meeting authorised the Board of Peab to, on one or more
occasions, until the next Annual General Meeting, decide to issue B shares
corresponding to a maximum of 10 percent of the registered share capital at the
time of authorisation. New issues will be based on standard market terms.

The Annual General Meeting authorised the Board of Peab to, on one or more
occasions, until the next Annual General Meeting, buy back or transfer Peab
shares.

The Annual General Meeting authorised the Board of Peab to, until the next
Annual General Meeting, 
- decide to, on NASDAQ OMX Stockholm or through an offer to buy directed to all
shareholders to buy back at the most as many shares so that after the
acquisition the company's holding of own shares corresponds to 10 percent of the
all shares in the company. The shares may be bought on NASDAQ OMX Stockholm at a
price within the registered price interval on each occasion or, when acquired
through an offer to buy for a cash compensation, at a price corresponding to the
lowest market price at the time of the offer with a maximum deviation of 30 %
upwards,
- decide to, on NASDAQ OMX Stockholm or in connection with for example an
acquisition, and with or without a deviation from shareholders' preferential
rights, divest a maximum of all own shares held by the company on NASDAQ OMX
Stockholm, at a price within the registered price interval on each occasion or,
if divested in some other manner, at a price corresponding to the market price
of the shares at the time of the transfer with any deviation the Board considers
appropriate.
The purpose of this authorisation is to improve the company's capital structure,
to finance acquisitions with shares and such like and/or to make it possible
through a later withdrawal to neutralise the dilution that can occur when
convertibles issued by the Group are converted.

Malte Åkerström, Leif Franzon and Göran Grosskopf and Erik Paulsson were
re-elected to the nominating committee.
Malte Åkerström was re-elected as the chairman of the nominating committee.

The Annual General Meeting decided that the guidelines for remuneration of
senior officers adopted by the Annual General Meeting 2008 shall continue to be
applied.

All decisions by the Annual General Meeting were made with the necessary
majority of votes.

For additional information, please contact:
Mats Leifland, CFO Peab +46 733 371006
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 5.45 p.m. on 14 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
13,000 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.