Peab builds shopping center at Kungens Kurva

Peab has been commissioned to build a new shopping center at Kungens Kurva in
southern Stockholm. The client is Ikano Retail Centres and the contract amounts
to SEK 273 million.
The new shopping center will be built right next to the
IKEA store at Kungens Kurva and it is expected to be ready for occupancy before
Christmas 2013th
- We are glad we have this confidence from Ikano and that we
may be involved in developing one of the largest trade areas, says Peab
President and CEO Jan Johansson.

For further information, please
contact:

Björn Ljungberg, Project Manager Peab + 46 733 372414

Gösta
Sjöström, Communication 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 at 10
a.m on18April 2012.

Peab is the Nordic Community Builder with 15,000 employees and a net
sale exceeding SEK 40 billion. 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.