Peab Participates in Consortium Investing in Northland

Northland has today announced the availability of a draft of a long-term
financial solution, meaning that the company raises USD 335 million through the
issue of bonds.

A consortium comprising Folksam, Metso, Norrskenet and Peab invests USD 25
million each, thus totaling USD 100 million in Northland bonds. The investment
consortium obtains the right to appoint four out of seven Board directors. The
aim is to create the necessary influence and to provide expertise with the
mission to restore confidence in the company.

Northland will, with this, get a new Board. The consortium has proposed Olav
Fjell as Chairman of the Board and will, when the bond offering is fully
subscribed and accepted, propose three additional Board directors.

Peab’s outstanding debts will be converted into an interest bearing supplier
loan with semi-annual amortization from January 2016 to maturity at the latest
in July 2020.

The refinancing of Northland ensures outstanding depts and that Peab may pursue
existing construction contracts and the 10-year contract for the transportation
of iron ore to Narvik.

“It is very gratifying that Northland now has a long-term solution in place. By
investing in the bond together with Folksam, Metso and Norrskenet, we will
create a controlling influence and provide expertise and thus secure future
optimal operations of the company. For Peab it is very positive that we can
fulfill our contracts for works and transportation services”, says Peab’s CEO
Jesper Göransson.

The basic condition for the consortium and each part’s share of USD 25 million,
is that the bond offering is fully subscribed when the subscription expires
22:00 CET on 30 May 2013, and that the consortium will appoint four out of seven
directors of the Board

For further information, please contact:

Jesper Göransson, CEO Peab +46 431 89338

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 on 29 May 2013 at 11.15 p.m.
Peab is the Nordic Community Builder with some 14,000 employees and about SEK 45
billion in net sales. 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.