Skanska secures school project in London for GBP 30 M, approximately SEK 310 M

Skanska secures school project in London for GBP 30 M, approximately SEK
310 M

Skanska has secured an assignment to design and construct a school in
Ilford, in Northeast London. The contract amounts to approximately GBP
30 M, approximately SEK 310 M, which will be included in order bookings
for the first quarter of 2011. The customer is the schools authority in
the London Borough of Redbridge.

Skanska will be responsible for the technical design and construction of
the Isaac Newton Academy, which will accommodate about 1,250 students
aged between 11 and 19 years. 

The project comprises an 11,500-square-meter building, divided into four
schools for various levels. Each school will have separate entrances and
schoolyards.

The school building will be designed and constructed to meet stringent
environmental requirements, with a particular focus on energy
efficiency.

Construction work will commence immediately and will be completed in
time for the new school year in summer 2012.

Skanska UK reported revenues of SEK 18 billion in 2009, with about 4,800
employees. The company is active in building and civil construction,
utilities and building services. In the UK Skanska is also a leader
within the sector for Public Private Partnerships, PPP, also known as
Privately Financed Initiative, PFI.

For further information please contact:
Tanya Barnes, Head of Communications, Skanska UK, tel +44 1923 423 905
Peter Gimbe, Press Officer, Skanska AB, tel +46 10-448 88 38
Direct line for media: tel +46 10-448 88 99

This and previous releases can also be found at
www.skanska.com (http://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 49,000
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 2009 totaled SEK 137 billion.