Skanska renovates Fifth Third Arena at the University of Cincinnati, USA, for USD 50M, about SEK 420M

Skanska has, together with its joint venture partner Megen Construction, signed
a contract for about USD 70M with the University of Cincinnati to manage the
renovation of its multi-purpose Fifth Third Arena. Skanska has a 70 percent
share of the contract, worth about USD 50M, about SEK 420M, which will be
included in the order bookings for Skanska USA Building in the second quarter
2016.
Renovations to the 26-year old facility, originally named the Myrl H. Shoemaker
Center, include the creation of a 360-degree seating bowl with space for 11,500
spectators. It includes new concessions and restrooms, an upper-level concourse
with fan amenities, expanded food and beverage options, a new Bearcats lounge
and super suites. A new main entrance and plaza with ticketing and guest
services are also included.

The Fifth Third arena is home to the University of Cincinnati Bearcats men’s and
women’s basketball teams and women’s volleyball team.

Construction is scheduled to begin in June 2016 and is slated for completion in
November 2018.

Skanska USA is one of the leading development and construction companies in the
country, consisting of four business units: Skanska USA Building, which
specializes in building construction; Skanska USA Civil, specialized in civil
infrastructure; Skanska Infrastructure Development North America, which develops
public-private partnerships; and Skanska USA Commercial Development, which
develops commercial projects in select U.S. markets. Headquartered in New York,
Skanska USA has more than 10,000 employees and its 2015 revenues were SEK 54.5
billion.
For further information, please contact:

Shelby Adams, Communications, Skanska USA, tel: +1 972 281 64 51

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 discloses the information provided herein pursuant to the Securities
Market Act.

Skanska is one of the world’s leading construction and project development
companies, focused on selected home markets in the Nordic region, other European
countries and North America. Supported by global trends in urbanization and
demographics, and by being at the forefront in sustainability, Skanska offers
competitive solutions for both simple and the most complex assignments, helping
to build a sustainable future for customers and communities. The Group currently
has 43,100 employees in selected home markets in Europe and North America.
Skanska's sales in 2015 totaled SEK 155 billion.