Skanska builds new high school in Skien, Norway, for NOK 460M, about SEK 450M

Skanska has signed a contract with Telemark county council to build a new high
school in Skien, Norway. The contract is worth NOK 460M, about SEK 450M, which
will be included in the order bookings for Skanska Norway for the third quarter
2016.
User-friendliness has been in focus throughout the development process and all
parties have been keen to ensure that students and teachers will have a school
where conditions contribute to a good learning environment. Telemark has
ambitious environmental targets and the school will be built according to the
standard for passive houses, which means significantly lower energy consumption
than the current requirements.

Construction will start in August and the school will be completed during the
fall 2018.

Skanska Norway focuses on construction and civil engineering operations. The
unit has approximately 4,000 employees. In 2015, Skanska Norway reported revenue
of about SEK 12 billion. In Norway, Skanska is also active in development of
residential, commercial properties and public private partnerships (PPP)
projects.
For further information please contact:

Pål P Syse, Communications Director, Skanska Norway, tel +47 98 21 00 01

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
The information provided herein is such as Skanska AB is obligated to disclose
pursuant to the EU market securities act (EU) no. 596/2014.

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.