Skanska constructs and renovates schools in Cincinnati, USA, for USD 54M, about SEK 450M

Skanska has, together with its joint venture partner Megen Construction, signed
a contract with the Northwest Local School District to manage its master
facility plan, a multi-building construction and renovation project in
Cincinnati, Ohio, USA. The total contract is worth USD 77M. Skanska USA Building
will include its 70 percent share of the contract worth USD 54M, about SEK 450M,
in the order bookings the second quarter 2016.
The contract includes oversite of the design and construction of three new
replacement elementary schools and the renovation of Colerain High School,
Northwest High School, White Oak Middle School, Pleasant Run Middle School, and
Monfort Heights Elementary School. All three new elementary schools are
targeting LEED Silver certification (Leadership in Energy and Environmental
Design).

Construction is scheduled to begin in October 2016 and is slated for completion
in August 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, 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.