Skanska starts LEED-certified housing project in Stockholm, invests approximately SEK 90 M

Skanska starts LEED-certified housing project in Stockholm, invests
approximately SEK 90 M

Skanska is to develop the second phase of the Västermalms Strand housing
project on Kungsholmen in Stockholm, in a joint-venture company with
Index Estate. The investment will be implemented by Skanska Sweden and
amount to approximately SEK 90 M and Skanska Sweden's construction
assignment will total approximately SEK 420 M, which will be recognized
in the first quarter.

The second phase, the Jublet block, comprises 240 tenant-owned
apartments in the most attractive seaside location at the quayside in
western Kungsholmen. The objective is for the housing units to be
certified in accordance with the international environmental system LEED
(Leadership in Energy and Environmental Design). The first phase in the
neighboring block, Välbehaget, was the first in Sweden to apply for this
certification for housing. 

The units will have a high environmental profile, with very low energy
consumption, close to the limits that apply for passive buildings. The
construction technology is based on green solutions developed by Skanska
for the Blå Jungfru passive house project and for the first phase of
Västermalms Strand.

“The first phase of Västermalms Strand has sold very well and interest
in the green profile has been high. We are now moving on with the next
phase and developing the environmental profile further,” says Ola
Jansson, Business Developer at Skanska.

Approximately 65 percent of the apartments have already been sold and
the first tenants are scheduled to move in by year-end 2012. More
information on the project is available at
www.vastermalmsstrand.se (http://www.vastermalmsstrand.se/).

Skanska Sweden is one of Sweden's largest construction companies with
operations involving building and civil engineering. The business unit
has about 10,000 employees, and revenues amounted to about SEK 23
billion in 2010. In Sweden, Skanska is also active in developing
residential and commercial premises.

For further information, please contact:
Ola Jansson, Business Developer, Skanska Sweden, Tel: +46 (0)10-448 12
30.
Peter Gimbe, Press Officer, Skanska, Tel: +46 (0)10-448 88 38.
Direct number for the media: +46 (0)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. The
Group currently has 52,000 employees in selected home markets in Europe,
in the US and Latin America. Skanska's sales in 2010 totaled SEK 122
billion.