Skanska signs seven-year highways maintenance contract in Devon, England, worth GBP 245M, about SEK 2.9 billion

Skanska has signed a seven-year highways maintenance contract with Devon County
Council, in the south west of England. The total value over the course of the
contract will be GBP 245M, about SEK 2.9 billion. The first two years of
revenue, GBP 70M, about SEK 820 million, will be included in order bookings for
Skanska UK in the fourth quarter 2016.
Skanska will provide a wide range of highway services including planned and
reactive maintenance, winter maintenance, emergency response and horticulture
management, whilst also bringing social value to communities in Devon. It will
focus on local employment and skills, local supply chain and delivering
community projects to bring a more inclusive approach to highways maintenance.

The contract will run from 1 April 2017 to 31 March 2024, with extension options
for up to a further three years.

This award sees further growth for Skanska’s highway maintenance delivery in the
south west of England, where it already maintains about 16,000 kilometers, or
6,000 miles, of roads.

Skanska UK reported revenues of about SEK 18 billion in 2015. It has around
5,500 employees. The company is active in building and civil construction,
utilities and building services, as well as facilities management and commercial
development.
For further information please contact:

Kevin Perlmutter, Head of Media Relations, Skanska UK, tel +44 1923 423906

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media: tel: +46 (0)10-448 88 99

This and previous releases can also be found at www.skanska.com
The information provided herein is such as Skanska AB is obligated to disclose
pursuant to the EU market securities act (EU) no. 596/2014.

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 43,100 employees in selected home markets in Europe and in the US.
Skanska's sales in 2015 totaled SEK 155 billion.