Peab builds flats in Ängelholm

Peab builds flats in Ängelholm

Peab has been commissioned to build 52 tenant-owned flats at Rönneå Park in
central Ängelholm. Peab has received the order from Melin Förvaltning and the
value of the contract is SEK 109 million. 

Construction will begin in August 2008 and is expected to be completed during
December 2009.


For additional information, please contact:
Anders Carlsson, Project Manager Peab +46 733 374360
Gösta Sjöström, CIO, Peab +46 733 371010


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


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 11:00 a.m. on 22 May 2008.


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.