Skanska builds hospital in Michigan, USA, for USD 175M, about SEK 1.5 billion

Skanska has, together with its joint venture partner Closner Construction,
signed a contract with Duke LifePoint Healthcare to build its new replacement
hospital for UP Health System - Marquette in Michigan, USA. The total contract
is worth USD 206M. Skanska USA Building will include its share of the contract
worth USD 175M, about SEK 1.5 billion, in the order bookings for the third
quarter 2016.
The new 50,000-square-meter, 243-bed, replacement facility includes
approximately 14,000 square meter of diagnostic and therapeutic services and
17,000 square meter of patient care services. Additionally, the project will
include an adjoining medical office building and a parking structure.

Construction began in May 2016 and is slated for completion in October 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
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.