Peab builds rental apartments to KPA Pension

Peab builds rental apartments to KPA Pension 

Peab has signed an agreement with the KPA Pension on transferring a land and
obtain a contract to build 179 rental apartments in Fruängen in southern
Stockholm. Project cost is estimated to 254 million. 
Work will begin immediately and is scheduled for completion in summer 2012th 

 - The interest in rental properties has increased significantly over the past
year and there is great demand. This project in Fruängen is part of the
cooperation Peab and Folksam Group, which includes KPA Pension, launched in
2009, says Peab's MD Mats Paulsson a comment. 

- This is part of our commitment to invest in attractive properties. This means
that we spread the risk and get a good long-term returns for our pension savers,
says KPA Pension CEO Lars-Åke Vikberg..	

For further information, please contact:
Tomas Anderson, Division Manager Peab +46 706 344994
Gösta Sjöström, CIO Peab +46 733 371010
Lars-Åke Vikberg, CEO KPA Pension +46 8 6650645
Torbjörn Wiberg, CEO Gyllenforsen/Folksam Fastigheter +46 706 892016
Birgitta Hammarström, Media Manager KPA Pension  +46 734 393337

Peab 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 2.30 p.m. on 24 February 2010. 
Previous press releases from Peab are available at www.peab.com

Peab is one of the leading construction and civil engineering companies in the
Nordic countries with a net sale exceeding SEK 35 billion and approximately
13,000 employees. The Group's subsidiaries have strategically located offices in
Sweden, Norway and Finland. The share is listed on NASDAQ OMX Stockholm. The
registered office of the Group is at Förslöv, Skåne in south of Sweden.