Peab to Build new Flats in Svedala


FOERSLOEV, Sweden, May 16, 2003 (PRIMEZONE) -- Peab has won the contract to build 101 new flats in Svedala, outside Malmoe in southern Sweden. The client is Bostads AB Svedalahem and the contract amounts SEK 125 million. The turn-key contract has started and it is supposed to be ready during the autumn 2004.

For further information:

Ake Larsson, Project Manager Peab +46 733 37 41 34

Gosta Sjostrom, Information ManagerPeab + 45 733 37 10 10

Previous press releases from Peab are available at www.peab.com

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The following files are available for download:

http://www.waymaker.net/bitonline/2003/05/16/20030516BIT00460/wkr0001.doc

http://www.waymaker.net/bitonline/2003/05/16/20030516BIT00460/wkr0002.pdf