Lars Björklund new President of Skanska Residential Development Nordic

Lars Björklund new President of Skanska Residential Development Nordic

Lars Björklund has been appointed new President of Skanska Residential
Development Nordic (Skanska RDN), Skanska's business unit for the development of
homes in Sweden, Norway and Finland. He will assume this position immediately
and replaces Jonas Spangenberg, who has now chosen to move on after many years
with Skanska's residential operations. Spangenberg will be responsible for
leading Skanska's development of the BoKlok (LiveSmart) residential concept in
Sweden as well as on other European markets. Both will report to Skanska's
Executive Vice President Tor Krusell.

RDN was created at year-end 2004 when Skanska organized its Nordic residential
development operations in a single business unit, while actual residential
construction continued within the Nordic construction operations. During the
spring of this year, a new step was taken when the operation was changed from
being primarily organized along geographic lines, with district managers
responsible for everything from land acquisition to sales, to an organization
based on specialist competencies and with a more distinct market and sales
orientation.

“Jonas Spangenberg has done an excellent job of merging our Nordic
residential-development operations and recently launched an entirely new,
specialized organization with a clear market focus. He became president when RDN
faced strong expansion, while the unit's current challenges are partly
different. That is why now, when the major changes have been completed, it feels
natural that he moves on to new assignments,” says Johan Karlström, Skanska's
President and CEO.

Lars Björklund has worked in Skanska since 1990 in a large number of different
management positions. Most recently, he has worked as regional manager of
Skanska Building Gothenburg within Skanska Sweden and, prior to that, his
positions included head of management development for the Skanska Group and
development manager at Skanska Sweden. Lars Björklund was also responsible for
establishing residential development within Skanska in the Czech Republic and
was project manager for a subproject of the Öresund Bridge. His management style
is characterized by a strong focus on coworkers, responsiveness and experience
of management in change. 

“With the new organization that RDN introduced in the spring, the organization
is moving toward a new phase. In light of this, I am convinced that Lars is the
right person to drive RDN's development forward,” says Johan Karlström. 

As Skanska announced earlier, the weak trend of the fourth quarter of 2008 has
been broken and sales of homes in the Nordic region have seen positive
development during the first five months of the year. In total, sales increased
to 829 homes sold (827). Sales in Sweden and Norway continue to improve compared
with the comparative period. 

Skanska Residential Development Nordic initiates and develops residential areas
for apartment blocks and single family homes. At the beginning of 2009, the
business area had approximately 3,400 new homes in production and has about 400
employees in Skanska Residential Development in Sweden, Skanska Kodit in Finland
and Skanska Bolig in Norway.



For further information, please contact:

Tor Krusell, Executive Vice President, Skanska AB, 
tel +46 10 448 88 47.
Lars Björklund, President, Skanska Residential Development Nordic, tel +46 10
448 40 34.
Peter Gimbe, Press Officer, Skanska AB, tel +46 10 448 88 38.
Direct line for media: +46 10 448 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 project development and construction
groups with expertise in construction, development of commercial and residential
projects and public-private partnerships. The Group currently has 55,000
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 2008 totaled SEK 144 billion.