Peab continues to repurchase its own shares

Peab continues to repurchase its own shares 

On the 11th of May, 2010 the Annual General Meeting authorised the board
of Peab to repurchase, before the next Annual General Meeting, at the
most the number of shares in Peab AB so that the company will have a
maximum holding of one tenth of all registered shares. 

 Based on this authorisation Peab's board decided the 11th of May, 2010
to purchase a maximum of 2,000,000 B shares. After this decision
2,000,000 B-shares have been acquired.

 Yesterday Peab's board has decided, based on the authorisation of the
AGM, another 2,000,000 B shares will be repurchased. The shares will be
acquired on the NASDAQ OMX Stockholm at the trading rate valid on the
date of purchase.

 Peab's current shareholding is 6,784,220 B shares, which corresponds to
2.3 percent of the number of registered shares which is 296,049,730.

 The purpose of the repurchase is in part to regulate the company's
capital structure, in part to finance acquisitions and such like or,
according to the decision of the AGM, to keep the number of shares
unchanged if and when convertible debentures issued in December 2007 are
converted.

 

For further information, please
contact:                                                                
                               Jesper Göransson, CFO Peab +46 733
371013                                                                  
              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 8.30 a.m. on 2 June 2010.

Previous press releases from Peab are available at
www.peab.com (http://www.peab.com/)