Skanska to construct office in Oslo for NOK 390 M, or SEK 440 M

Skanska to construct office in Oslo for NOK 390 M, or SEK 440 M

Skanska has secured the assignment to construct a new head office in
Oslo for the Norwegian insurance company Gjensidiges Forsikring. The
contract amounts to NOK 390 M, or SEK 440 M, which will be included in
second-quarter order bookings for 2011. The customer is the property
company Rom Eiendom.

The project relates to an office building with eight floors above ground
level and floor space of 15,000 square meters. The building will feature
a green profile, with the aim of achieving Energimerke B (an annual
energy requirement below 126 kWh/sq m) under the Norwegian environmental
certification system.

The project will be built on Schweigaardsgate close to the Oslo Opera
House and Oslo Central Station.

Construction work will commence in the spring and the project is
scheduled for completion in autumn 2013.

Skanska Norway focuses on construction and civil engineering operations.
The unit has approximately 4,100 employees. In 2010, Skanska Norway
reported revenue of about SEK 11 billion. In Norway, Skanska is also
active in the development of homes, commercial properties and
public-private partnerships (PPP) projects.

For further information please contact:

Arnt Olav Hønsvik, Communicator, Skanska Norway, tel +47 92 25 11 55

Edvard Lind, Press Officer, Skanska AB, tel +46 10 448 88 08

Direct line for 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.
Based on its global green experience, Skanska aims to be the clients'
first choice for Green solutions. The Group currently has 52,000
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 2010 totaled SEK 122 billion.