Skanska awarded Network Rail contract in Manchester, UK, worth GBP 74 M, about SEK 900 M

Skanska, in joint venture with BAM Nuttall, has been awarded a contract by
Network Rail for the Northern Hub project in Manchester. The value to Skanska
over the course of the contract will be in excess of GBP 74 M, about SEK 900 M,
which will be included in order bookings for Skanska UK in the first quarter
2016.
The joint venture is working as part of an integrated alliance, following an
early contractor phase. The alliance will be responsible for the delivery of the
Orsdall Chord which will link Manchester Victoria and Manchester Piccadilly
stations for the first time in history, as well as helping deliver faster and
more frequent train service. The contract runs from 2016 to 2019.

The Skanska BAM Nuttall team will bring a collaborative approach to the contract
that will support Network Rail to deliver its rail upgrade plan for the north,
helping to increase connectivity across towns and cities and enable the UK
government’s so called Northern Powerhouse initiative to boost economic growth
in the north of the country.

Skanska UK reported revenues of about SEK 18 billion in 2015. It has around
5,500 employees. The company is active in building and civil construction,
utilities and building services, as well as facilities management and commercial
development.
For further information please contact:

Kevin Perlmutter, Communications, Skanska UK, tel +44 1923 423906 Andreas Joons,
Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media: tel: +46 (0)10-448 88 99

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
premises, and public-private partnerships projects. Based on its global green
experience, Skanska aims to be the clients' first choice for Green solutions.
The Group currently has 43,100 employees in selected home markets in Europe and
North America. Skanska's sales in 2015 totalled SEK 155 billion.