Conversion of Skanska shares

Conversion of Skanska shares

At the request of one share holder, Skanska is implementing a conversion of
2,316,196 Skanska A shares to the corresponding number of Series B shares. 

After conversion, the number of A shares in Skanska will amount to 20,124,267,
while the number of B shares in the company will total 398,988,805.

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 project development and 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 2008 totaled SEK 144 billion.