Conversion of Peab Convertible Promissory Notes 2005/2008

Conversion of Peab Convertible Promissory Notes 2005/2008

During June 2005 Peab issued totally 5 500 000 convertible loans to the
employees. The period 1-15 April was the last opportunity to convert these Peab
Convertible Promissory Notes 2005/2008 to B-shares.

Of the remaining outstanding faced value amounting to SEK 3.5 million, have all
been converted to 148 407 new B-shares.

The number of registered shares in Peab AB amounts after the conversion to 19
611 404 A-shares and 154 989 709 B-shares or totally 174 601 113 shares.


For additional information, please contact:
Mats Leifland, CFO Peab +46 733 371006
Gösta Sjöström, CIO, Peab + 46 733 371010


This information is such that Peab AB is obliged to publish in accordance with
Swedish law regarding the securities market and/or the Financial Instruments
Trading Act or has itself chosen to publish. The information was submitted for
publication at 09.00 a.m. on 24 April 2008.


Previous press releases from Peab are available at www.peab.com


Peab is one of the leading construction and civil engineering companies in the
Nordic countries with a net sale exceeding SEK 30 billion and approximately
12,000 employees. The Group's subsidiaries have strategically located offices in
Sweden, Norway and Finland. The share is listed on the Nordic Exchange. The
registered office of the Group is at Förslöv, Skåne in south of Sweden.