Annual General Meeting of Peab Industri, 2008

Annual General Meeting of Peab Industri, 2008

• Cash dividend amounting to SEK 1.50
• Approval of convertibles to new employees
• Continued authorisation to repurchase own shares

The Annual General Meeting of Peab Industri AB (publ) was held on Thursday 15
May. The meeting approved the Board's proposed dividend of SEK 1.50 per share.
Tuesday 20 May was appointed Record Day and it is estimated that dividends will
be sent out by the Securities Register Centre (VPC) on Friday 23 May.

The meeting discharged the Board and CEO from liability for the 2007 financial

Board members Mats Paulsson, Eva Hörwing, Sara Karlsson, Fredrik Paulsson, Mats
O Paulsson, Jan Segerberg and Kjell Åkesson were re-elected. Mats Paulsson was
re-elected as chairman of the board.

The meeting decided to approve the decision of the Board whereby Peab Industri
AB will issue maximum 800,000 convertibles at a total maximum nominal value of
SEK 46,400,000, which may be converted to B shares. The convertibles will run
from 1 December 2008 until 30 November 2012. The right to subscribe for the
convertibles shall be given to a wholly owned subsidiary to Peab Industri AB,
with the right and obligation to, in the first place, offer to all personnel
employed after 15 November 2007, or employees in companies that have been
acquired by Peab Industri after 15 November 2007 the right to subscribe for
convertibles from 26 November 2008 to 12 December 2008 and, in the second place,
offer Peab's Profit-sharing Foundation the right to acquire the convertibles not
subscribed for by the employees. Conversion of B shares may take place during
special windows of conversion in December 2010 and 2011 as well as in September
2012. The conversion rate will correspond to 120 percent of the for B shares on
the OMX Nordic Exchange Stockholm's official price list quoted average latest
buy rate during the period of 3 November 2008 to 14 November 2008. The
conversion rate may, however, not be lower than SEK 58. Calculated on a
conversion rate of SEK 58 the maximum dilution amounts to approximately 0.94
percent of the share capital and 0.46 percent of the votes.

The meeting authorised the Board to decide on one or more new issues of B shares
during the period up to the next Annual General Meeting. The authorisation is
for a maximum of 10 percent of the registered share capital at the time of
authorisation. Any new issue shall be made according to the market's usual terms
and conditions.
The meeting also authorized the Board to, until the next Annual General Meeting
decide to, on the OMX Nordic Exchange Stockholm or through an offer to buy
directed to all shareholders, buy back as many Peab Industri A or B shares so
that after the acquisition there is a maximum of 8,525,000 shares held by the
company. When acquiring shares on the OMX Nordic Exchange Stockholm the price
must lie within the range registered from time to time. In the case of
acquisition offers addressed to the shareholders the price must be the lowest
price quoted with a maximum excess of 30 per cent. The purpose of this
authorisation is to finance acquisitions with shares and such like and/or to
make it possible through a later withdrawal to neutralise the dilution that can
occur when convertibles are converted. 

The meeting also authorised the Board to decide, until the next Annual General
Meeting, to transfer a maximum of 8,525,000 Peab Industri A or B shares that
have been bought back by the company. The Board is authorised to decide upon to
whom the shares should be sold, on the terms of divestment and on the way in
which divestment shall be made. In case of sales on the OMX Nordic Exchange
Stockholm, the authorisation grants the Board the right to divest shares at a
price which lies within the registered price range from time to time. If not
divested by sale on the OMX Nordic Exchange Stockholm, the price must at least
be the price quoted at the time of divestment.

These authorisations give the board the right to decide on other issues related
to the purchase and transfer of Peab Industri's shares. 

Karl-Axel Granlund, Erik Paulsson and Mats Paulsson were appointed to the
nominating committee. Erik Paulsson was elected chairman of the nominating

For additional information, please contact:
Niclas Winkvist, CFO Peab Industri + 46 431 44 96 05
Staffan Bremander, Corp. Comm. Mgr. Peab Industri + 46 733 37 11 10

Peab Industri AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 3.00 pm on 15 May 2008.

Previous press releases from Peab Industri are available at

Peab Industri is a leading producer of products and provider of services for the
Nordic construction and civil engineering market. The net sales exceed SEK 7
billion and the number of employees is approximately 2 400. Business is
conducted in Sweden, Norway and Finland. The share is listed on the OMX Nordic
Exchange Stockholm. The main office is located in Ängelholm in Skåne, Sweden.