Peab’s Annual General Meeting 2012

  · Dividend adopted at SEK 2.10 per share
  · Continued authorisation for the repurchase of shares

Peab AB (publ) held its Annual General Meeting today, Thursday. The Annual
General Meeting adopted a dividend of SEK 2.60 according to the proposal from
the Board of Peab. The record date will be Monday the 21thof May and the
Euroclear will distribute this dividend on 24 May. The Annual General Meeting
granted the Board and the Chief Executive Officer discharge for the financial
year of 2011.

The Board members Karl-Axel Granlund,Göran Grosskopf, Fredrik Paulsson,Mats
Paulsson, Svante Paulsson, Anne-Marie Pålsson, Annette Brodin Rampe and Lars
Sköld were re-elected.Göran Grosskopfwas re-elected as Chairman of the Board,
Mats Paulsson was re-elected as Vice Chairman of the Board.

It was decided that the Chair of the Board of Directors be paid SEK 450.000
(400.000) and that each of the remaining board members be paid SEK 175.000
(150.000). For their work on the Remuneration Committee and the Finance
Committee, it was decided that a fee och SEK 30.000 (25.000) be paid to each
member of those committees. Furthermore, it was decided that the Vice-Chair be
paid a fee of SEK 2,765,000 as a special payment for being at the group’s
disposal for matters relating to customers and markets. The total decided fee to
be paid to board members therefore amounts to SEK 4.620.000 (1.250.000). It was
decided that the fees be paid to auditors according to an approved account.

The Annual General Meeting authorised the Board of Peab to, on one or more
occasions, until the next Annual General Meeting, decide to issue B shares
corresponding to a maximum of 10 percent of the registered share capital at the
time of authorisation. New issues will be based on standard market terms. The
Annual General Meeting authorised the Board of Peab to, on one or more
occasions, until the next Annual General Meeting, buy back or transfer Peab
shares.

The Annual General Meeting authorised the Board of Peab to, until the next
Annual General Meeting,

 - decide to, on NASDAQ OMX Stockholm or through an offer to buy directed to all
shareholders to buy back at the most as many shares so that after the
acquisition the company’s holding of own shares corresponds to 10 percent of the
all shares in the company. The shares may be bought on NASDAQ OMX Stockholm at a
price within the registered price interval on each occasion or, when acquired
through an offer to buy for a cash compensation, at a price corresponding to the
lowest market price at the time of the offer with a maximum deviation of 30 %
upwards,

- decide to, on NASDAQ OMX Stockholm or in connection with for example an
acquisition, and with or without a deviation from shareholders’ preferential
rights, divest a maximum of all own shares held by the company on NASDAQ OMX
Stockholm, at a price within the registered price interval on each occasion or,
if divested in some other manner, at a price corresponding to the market price
of the shares at the time of the transfer with any deviation the Board considers
appropriate.

If the use of the authorization for the acquisition and transfer of own shares
combined with use of authorization for the issue, in order to let the company's
shares constitute all or part of the purchase price at any one company, the
number of shares to be sold and issued to the individual acquisition, together
represent more than one-tenth of all shares in the company at the time of the
decision authorizing the issue

The purpose of this authorisation is to improve the company’s capital structure,
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 issued by the Group are converted.

Malte Åkerström and Göran Grosskopf were re-elected to the nominating committee.
Bengt Johansson and Magnus Swärd were newly elected to the nominating committee.
Bengt Johansson was elected as chairman.

The Annual General Meeting approved a change in Peab’s remuneration policy: An
employee may receive severance pay. If a severance pay is paid, the total
remuneration for salary during the period of notice and severance pay may not
exceed 24 monthly wages.

All decisions by the Annual General Meeting were made with the necessary
majority of votes.

For further information, please contact:

Jesper Göransson, CFO Peab +46 733 371013

Gösta Sjöström, Communication Peab +46 733 371010

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 6.00 p m on 15 May 2012.
Peab is the Nordic Community Builder with 15,000 employees and a net
sale exceeding SEK 40 billion. 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.