Skanska to construct railway tunnel in Norway, for NOK 650 M, about SEK 700 M

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| Source: Skanska AB
Skanska has signed a contract, in joint venture with Strabag, with the Norwegian
Rail Administration to build a railway tunnel in Norway. The total contract
value is NOK 1.3 billion, about SEK 1.4 billion. Skanska’s share is NOK 650 M,
about SEK 700 M, which will be included in order bookings for Skanska Norway for
the second quarter of 2014.
The tunnel is a part of the large railway extension at Arna-Bergen and it will
be the first railway tunnel in Norway constructed with a tunnel boring machine
(TBM).

Work will begin in June 2014 and will be completed during summer 2021.

Skanska Norway focuses on construction and civil engineering operations. The
unit has approximately 4,500 employees. In 2013, Skanska Norway reported revenue
of SEK 14.3 billion. In Norway, Skanska is also active in the development of
residential, commercial properties and public private partnerships (PPP)
projects.
For further information please contact:

Pål P Syse, Communications Director, Skanska Norway, tel +47 98 21 00 01

Edvard Lind, Head of Media Relations, Skanska AB, tel +46 (0)10 448 88 08

Direct line for media, tel +46 (0)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. Based on its global green experience,
Skanska aims to be the clients' first choice for Green solutions. The Group
currently has 57,000 employees in selected home markets in Europe, in the US and
Latin America. Skanska's sales in 2013 totaled SEK 136 billion.