Conversion of shares in Skanska AB

In conjunction with a conversion of shares, the company is obliged, according to
the Financial Instruments Trading Act (1991:980), to disclose information
concerning the change.

During April 2012, 100 Series A shares were converted
to Series B shares at the request of shareholders. Accordingly, the total number
of votes in the company totals 599,647,319.

The total number of registered
shares in the company amounts to 419,903,072, of which 19,971,583 are Series A
shares, and 399,931,489 are Series B shares.
For further information, please contact:

Pontus Winqvist, Senior Vice
President Investor Relations, Skanska AB, tel +46 10 448 88 51

This and
previous releases can also be found at 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 53,000 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 2011
totalled SEK 123 billion.