Skanska’s Board of Directors has resolved on the repurchase of shares

At the Board meeting on April 13, 2012, the Board resolved to exercise the
Annual Shareholders’ Meeting’s authorization concerning the repurchase of shares
on the following terms: on one or several occasions, but no longer than the
Annual Shareholders’ Meeting in 2013, not more than 4,500,000 Skanska AB Series
B shares may be acquired, the aim of which is to secure delivery of shares to
participants in Skanska’s Employee Ownership Program, SEOP. Acquisition may only
be made on the NASDAQ OMX Stockholm within the price interval prevailing at any
given time, meaning the interval between the highest purchase price and the
lowest selling price.

On April 13, Skanska held 8,022,246 Series B shares in
its own custody.
For further information, please contact:

Pontus Winqvist, SVP Investor
Relations, Skanska AB, Tel: +46 10 448 88 51

Edvard Lind, Press Officer,
Skanska AB, Tel: +46 10 448 88 08

Direct line for the media, Tel: +46 10 448
88 99

This and other press releases can be found at
www.skanska.com (http://www.skanska.se/)
Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets Act.

Throughout 125 years, Skanska has been a
modern and innovative developer and contractor, building what society needs.
Today, 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. Based on its global
green experience, Skanska aims to be the clients' first choice for Green
solutions. The Group currently has 53,000 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 2011 totaled SEK 123
billion.