Skanska to expand refinery in Brazil for USD 55 M, about SEK 380 M

Skanska to expand refinery in Brazil for USD 55 M, about SEK 380 M

Skanska has been contracted to build two new refinery units at the Presidente
Bernardes Refinery (RPBC), in Cubatão, 60 km from São Paulo, Brazil. The
contract total value amounts to USD 84 M, of which Skanska's share is 65
percent, corresponding to USD 55 M, or about SEK 380 M. The contract will be
included in order bookings for the third quarter of 2007.

The customer is Petrobras, the state-owned Brazilian oil company that is one of
Skanska's repeat customers in the energy sector in Latin America.

The contract covers construction of a sulfur recuperation unit and a residual
gas treatment unit for the refinery and comprises detailed engineering,
procurement, construction and assembly, commissioning and start-up assistance of
the plant.

The project starts immediately and is scheduled to be completed in 29 months.
The partner in the consortium managed by Skanska is the Brazilian engineering
company Engevix Engenharia.

Skanska Latin America has wide experience in refinery works and is presently
executing major related projects for the same client at some of the most
important refineries in Brazil such as REDUC and REPAR. 

Skanska Latin America is one of the continent's leading construction companies
and one of Skanska's most profitable units. Operations focus primarily on
construction, operations and services for the international energy industry. In
2006, the company had some 11,000 employees and sales of about SEK 3.8 billion.


For further information please contact:

Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38, 
direct line for media: +46 8 753 88 99


This and previous releases can also be found at www.skanska.com

This is the type of information that Skanska AB may be obligated to disclose in
accordance with the Swedish Securities Exchange and Clearing Operations Act
and/or the Financial Instruments Trading Act. 

Skanska is one of the world's leading construction groups with expertise in
construction, development of commercial and residential projects and
public-private partnerships. The Group currently has 56,000 employees in
selected home markets in Europe, in the US and Latin America. Headquartered in
Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in
2006 totaled USD 17 billion.