Skanska to construct hotel in Norway for NOK 550 M, or about SEK 680 M

Skanska to construct hotel in Norway for NOK 550 M, or about SEK 680 M

Skanska has secured an assignment to construct a Clarion Hotel in Trondheim,
Norway. The contract value is NOK 550 M, or about SEK 680 M, which will be
included in order bookings for the fourth quarter. The customer is Star Property
AS.

The new hotel, which comprises a total of 31,000 square meters of floor space,
will have 400 rooms and a large conference hall.

Construction will begin in the summer of 2010 and the project will be completed
by April 2012. 

In Norway, Skanska has also recently secured two tunnel-construction assignments
valued at NOK 338 M and NOK 730 M, respectively.  

Skanska Norway focuses on construction and civil engineering operations. The
unit has about 4,000 employees. In 2008, Skanska Norway generated revenues of
approximately SEK 13.3 billion. In Norway, Skanska is also active in the
development of residential projects and PPP (Public Private Partnership)
projects.
 

For further information, please contact:

Geir Linge, Head of Communications, Skanska Norway, 
tel +47 92 25 11 25
Pelle Berg, Press Officer, Skanska AB, tel +46 10 448 88 28.
Direct line for the 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.