Peab build rental flats for Poseidon in Gothenburg

Peab build rental flats for Poseidon in Gothenburg

Peab has been commissioned to build 148 rental flats in the Gårda quarter in
Gothenburg. The client is Bostads AB Poseidon and the contract amounts to SEK
173 million.
It is a turnkey contract which will start in October 2009 and moving in is
planned to be in stages from November 2010 to April 2011.

For additional information, please contact:
Sven Kerstis, Region Manager Peab 0733 371529
Gösta Sjöström, CIO 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 11.00 a.m. on 7 July 2009. 

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

Peab is one of the leading construction and civil engineering companies in the
Nordic countries with a net sale exceeding SEK 35 billion and approximately
13,000 employees. 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.