Convertible debentures for Peab's employees oversubscribed - 41 per cent of the staff take part in the programme

Convertible debentures for Peab's employees oversubscribed - 41 per cent of the
staff take part in the programme

All Peab's employees were invited to subscribe to convertible debentures in Peab
between 26 November and 12 December 2007. Altogether more than 41 per cent
(5.198) of Peab's approximate 12.600 employees in Sweden, Norway and Finland
applied to subscribe to convertible debentures in Peab. Of Peab Industri's
approximate 2.600 employees, 38 per cent (979) applied to subscribe to
convertible debentures in Peab.

8.8 million convertible personnel debentures were issued in December 2007 to an
overall nominal value of SEK 598.4 million. The value of convertible debentures
applied for employees' amounts to SEK 1.669 million, resulting in
oversubscription of SEK 1.071 million (1.8 times).

The convertible debentures run from 1 December 2007 to 30 November 2012, and may
be converted in December 2010, in December 2011 and in September 2012 at an
exercise price of SEK 68. The rate of interest on the convertible debentures is
fixed at 5.44 per cent during their term. 

“It is matter of great satisfaction that so many of our staff have taken
advantage of the opportunity to purchase convertible debentures and thus become
prospective owners of Peab. It demonstrates the depth of commitment felt by our
employees and it will enable Peab to become even more competitive in the
future,” says Mats Paulsson, MD of Peab.



For additional information, please contact:
Mats Leifland, CFO Peab + 46 733 371006
Gösta Sjöström, information manager, Peab + 46 733 371010

Previous press releases from Peab are available at www.peab.com

This information is such that Peab AB is obliged to publish in accordance with
the Swede Act regarding the Securities Market and/or the Financial Instruments
Trading Act or has itself chosen to publish.



Peab is one of the leading construction and civil engineering companies in the
Nordic countries with a net sale exceeding SEK 30 billion and approximately
12,000 employees. The Group's subsidiaries have strategically located offices in
Sweden, Norway and Finland. The share is listed on the Nordic Exchange. The
registered office of the Group is at Förslöv, Skåne in south of Sweden.