Peab start off repurchasing own shares

Peab start off repurchasing own shares

The Annual General Meeting decided on 16 May 2007 to authorize the board of Peab
to repurchase the number of shares in Peab, AB during the period up to the next
Annual General Meeting, so that the company after the purchase owns a maximum of
10 per cent of the registered number of shares.

The board of Peab has today with support of this authorization decided to
purchase a maximum of 2.000.000 shares. The shares may be acquired on the OMX
Stock Exchange in Stockholm at the current exchange prize at the time. 

The purpose of the repurchase is to improve the company's capital structure, to
be used to finance acquisitions or other transactions, or give possibility for
later redemption in connection with the conversion of the issued convertible
loans according to the decision of the General Annual Meeting on May 16 2007.

Peab owns 3.630.000 own shares before the beginning of the repurchase. The
number of registered shares in Peab amounts to 174.139.096.


For additional information, please contact:
Mats Leifland, CFO Peab +46 733 371006
Gösta Sjöström, information manager Peab +46 733 371010

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

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


Peab is one of the leading construction and civil engineering companies in the
Nordic countries with approximately 12,000 employees and a net sale of about SEK
30 billion. The Group's subsidiaries have strategically located offices in
Sweden, Norway and Finland. The share is listed on the Nordic Exchange. The
registered office of the Group is at Förslöv, Skåne in south of Sweden.