Skanska builds Nedre Otta power plant in Norway for NOK 657M, about SEK 650M

Skanska has signed a contract with Eidsiva Vannkraft AS to build Nedre Otta
power plant in the municipalities Sel and Vågå, Norway. The contract is worth
NOK 657M, about SEK 650M, which will be included in the order bookings for
Skanska Norway for the third quarter in 2016.
The hydropower project involves about 12 000 meters of tunnel work, construction
of the power station and transformer hall in the mountain and concrete work
around the intake, power plant area, outflow and portal.

Nedre Otta power plant will use the existing intake dam at Eidefossen power
plant. The water will travel through tunnel from the intake to the new power
plant. It will have an installed capacity of 85 MW and the annual production
from the plant will be about 315 GWh, equivalent to the consumption of around
15,000 households.

Of all current hydropower projects in Norway Nedre Otta will become the power
plant that will contribute most to achieving the climate targets 2020.

Since the existing dam at Eidefossen will be used as intake and the powerplant
is mainly built in the mountain, the impact of nature will be limited. It will
also be ensured that the practice of rafting, canoeing and fishing basically can
continue as before in the area during summer.

The construction work will commence in October 2016 and the project will be
completed in the spring in 2020.

Skanska Norway focuses on construction and civil engineering operations. The
unit has approximately 4,000 employees. In 2015, Skanska Norway reported revenue
of about SEK 12 billion. In Norway, Skanska is also active in development of
residential, commercial properties and public private partnerships (PPP)
projects.
For further information please contact:

Geir N. Linge, Communications Manager, Skanska Norway, tel +47 92 25 11 25

Edvard Lind, Head of Media Relations, Skanska AB, tel +46 (0)10 448 88 08

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 construction and project development
companies, focused on selected home markets in the Nordic region, other European
countries and North America. Supported by global trends in urbanization and
demographics, and by being at the forefront in sustainability, Skanska offers
competitive solutions for both simple and the most complex assignments, helping
to build a sustainable future for customers and communities. The Group currently
has 43,100 employees in selected home markets in Europe and North America.
Skanska's sales in 2015 totaled SEK 155 billion.