Skanska to continue expanding shopping center in Tallinn for SEK 305 M

Skanska to continue expanding shopping center in Tallinn for SEK 305 M

Skanska has been contracted to continue the expanding and renovating of a
shopping center in Tallinn, Estonia. The contract amounts to EUR 33 M, about SEK
305 M, which is being included in order bookings for the fourth quarter. The
customer is Rocca al Mare Kaubanduskeskus AS, owned by the leading Finnish real
estate company Citycon Oyj.

Currently, Skanska is constructing an extension of about 20,000 square meters to
the existing Rocca al Mare shopping center and renovating some 2,000 square
meters of old facilities under a previous contract. These works are scheduled to
be completed in spring 2008. Subsequently, work will begin on new phases in
accordance with a new contract.

The new contract includes a second extension of about 14,000 square meters and
the refurbishment of about 33,000 square meters of the old facilities of the
shopping center.   

When Rocca al Mare is fully expanded in 2009, it will be one of Tallinn's
largest shopping centers, with a gross area of 69,000 square meters and a total
of 53,500 square meters of leasable floor space.

Skanska's operations in Finland cover construction services, residential and
commercial project development and public-private partnerships. Construction
services include building construction, building services, and civil and
environmental construction. In Estonia Skanska's activities comprise
construction services and residential development. The combined sales for
Skanska's Finnish and Estonian operations in 2006 were SEK 8,4 billion and the
company employed about 3,500 people.


For further information please contact:

Peter Gimbe, Group Press Officer, Skanska AB, tel +46 8 753 88 38
Direct line for media: +46 8 753 88 99
Merja Vuoripuro, Head of Communications, Skanska Finland,
tel +358 9 615 224 26


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

Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets 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 SEK 126 billion.