Skanska acquires two residential projects in Gothenburg from SBC

Skanska acquires two residential projects in Gothenburg from SBC

Skanska has acquired two cooperative-housing projects from SBC, Sveriges
Bostadsrättscentrum AB. The acquisition entails building rights and progressive
project plans for a total of about 280 cooperative apartments in prime locations
in the Gothenburg area. Skanska's total investment following the completion of
the projects is estimated at about SEK 1.2 billion.

The Fiskebäck project is located by the Fiskebäck marina southwest of
Gothenburg. The project is situated on the coast and encompasses about 140
apartments, 140 underground-parking places and 125 berths. Sales are expected to
commence in 2010 with preliminary occupancy in 2011-2012. 

The other project, Johanneberg, is located within walking distance of the
central districts of Gothenburg. The project encompasses about 140 apartments
with 130 underground parking places. Sales at Johanneberg are expected to
commence in 2012, with occupancy in 2013. 

“New homes are in strong demand among Skanska's customers. It is gratifying
that, through the acquisition of two excellent land plots in Gothenburg, Skanska
has the opportunity to offer its customers new, energy-efficient homes in prime
locations,” says Lars Björklund, President of Skanska Residential Development
Nordic.

Sales of the cooperative apartments will be managed by Skanska Residential
Development. Skanska will also take over prospective buyers from SBC. The homes
will be constructed by Skanska Sweden. 

Skanska Residential Development Nordic initiates and develops residential areas
for apartment blocks and single family homes. At the beginning of 2009, the
business unit had approximately 3,400 new homes in production and has about 400
employees in Skanska Residential Development in Sweden, Skanska Kodit in Finland
and Skanska Bolig in Norway.

For further information, please contact:

Lars Henriksson, Head of Business Development, Market Area West, Skanska
Residential Development, Tel: +46(0)10-448 46 68.
Peter Gimbe, Group Press Officer, Skanska AB, Tel: +46 (0)10-448 88 38.
Direct line for media: Tel: +46 (0)10-448 88 99. 
Helena Skåntorp, President and CEO, SBC, Tel: +46 (0)708-18 39 07.

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.