Skanska builds tunnel for National Grid pipeline in Northern England for GBP 40M, about SEK 480M

Skanska has, as a part of a joint venture, signed a contract with National Grid
to design and construct a tunnel underneath the river Humber on the east coast
of Northern England for the Humber Tunnel project. The contract value for
Skanska is GBP 40M, about SEK 480M, which will be included in the order bookings
for Skanska UK in the second quarter 2016.
The joint venture with the Austrian construction company PORR and A.Hak from the
Netherlands brings together international expertise to deliver, in an
innovative, sustainable and collaborative way, a five-kilometer tunnel. The
tunnel will protect the pipeline for the long term, helping National Grid to
provide a vital service to millions of people.

The River Humber pipeline is part of the national transmission system –
connecting the import terminal at Easington, on the East Yorkshire coast, to the
wider network and delivering gas to millions of customers throughout the UK.

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, Head of Media Relations, 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 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.