Peab develops a wellness center in Malmo

Peab has acquired the project Inspi in Malmö, which during a period of years has
developed a building to preventive health care, research, education, hotels and
clinics. The property will be the first of its kind in Scandinavia. The
completed building will include more than 20,000 square meters and construction
will start at end of 2012. The total investment will amount to about SEK 500
million.
- It's a great project that represents an architectural innovation and
a new type of premises. Tenants are already contracted for a large portion of
the surface. This is a project in line with Peab’s community building, says
Thomas Anderson, Head Peab Property Development.
- City of Malmö is greatly
encouraged in this business. Innovation in health is needed and Carina Billetun
from Inspi has been a driving force that has taken the project to this point.
With Peab resources and experience, we can now look forward to a completed
building for the benefit of all inhabitants in the Malmo and Öresund area.
Additionally, it will be a beautiful building, which will decorate the area at
Dalaplan, says Anders Rubin, chairman of the City of Malmö Technical
Chamber.

For further information, please contact:

Göran Linder, Property
Development Peab +46 733 339422

Gösta Sjöström, Communication 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 10 a.m on 2 May 2012.

Peab is the Nordic Community Builder with 15,000 employees and a net
sale exceeding SEK 40 billion. 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.