Subscription made to Peab Industri Convertibles 2007/2012 I and 2007/2012 II

Subscription made to Peab Industri Convertibles 2007/2012 I and 2007/2012 II

- Amount of convertibles SEK 594 Million 
- 9,000,000 new convertibles
- SEK 66 conversion price
- 5.44 per cent convertible interest

On 16 May 2007 the Annual General Meetings of Peab Industri and Peab decided to
approve the decision of the Board that Peab Industri should issue a convertible
debenture loan for a total nominal value of SEK 400 Million at the most, which
can be converted to B-shares by issuing 6,666,667 convertible debentures at the
most, with a maturity date from 1 December 2007 until 30 November 2012 (Peab
Industri Convertible Promissory Notes 2007/2012 I).

The right to subscribe to convertibles, with a departure from the preferential
rights of shareholders, devolves on a wholly owned subsidiary to Peab Industri
AB, with the right and obligation of the subsidiary to offer the employees in
Peab Industri AB Group and Peab AB Group the opportunity to acquire the
convertibles as of 26 November 2007 to 12 December 2007.

The Extraordinary General Meeting on 13 August 2007 further decided that Peab
Industri AB shall issue a convertible loan for a total amount of SEK 200 Million
at the most, which can be converted to B-shares by issuing 3,333,333 convertible
debentures at the most, with a maturity date from 1 December 2007 until 30
November 2012 (Peab Industri Convertible Promissory Notes 2007/2012 II). The
offer is in its entirety directed to Peab AB.

The wholly owned subsidiary of Peab Industri has on 1 December  subscribed to
Peab Industri Convertibles 2007/2012 I with an amount of SEK 396 Million
corresponding to 6,000,000 convertibles at the conversion price of SEK 66.

Peab AB has on 1 December subscribed to Peab Industri Convertibles 2007/2012 II
with an amount of SEK 198 Million corresponding to 3,000,000 convertibles at the
conversion price of SEK 66.

If all the convertibles are converted to shares the dilution will be 10.56 per
cent of the share capital and 5.19 per cent of the votes, based on the number of
shares registered today. The convertible interest is based on the 5-year swap
interest as of 1 December 2007, with a margin of 0.75 per cent and has been set
at 5.44 per cent.

Each convertible may during the period 1-15 December 2010, 1-15 December 2011 as
well as during the period 16-30 September 2012 be converted to a share in the B
series in Peab Industri.

For additional information, please contact:
Niclas Winkvist, CFO Peab Industri +46 431 44 96 05
Staffan Bremander, Corp. Comm. Mgr. Peab Industri + 46 733 37 11 10


This information is such that Peab Industri AB is obligated to publish in
accordance with the Swedish Act regarding the Securities Market and/or the
Financial Instruments Trading Act or has itself chosen to publish.

Previous press releases from Peab Industri are available at
www.peabindustri.com.


Peab Industri is a leading producer of products and provider of services for the
Nordic construction and civil engineering market. The net sales exceed SEK 6
billion and the number of employees amounts to more than 2 000. Business is
conducted in Sweden, Norway and Finland. The share is listed on the OMX Nordic
Exchange in Stockholm. The main office is located in Ängelholm in Skåne, Sweden.