Skanska to build the Beacon High School in New York City for USD 88 M, about SEK 605 M

Skanska has signed a contract with the New York City School Construction
Authority (NYCSCA) to convert an existing New York Public Library book storage
facility into the new Beacon High School in New York. The contract value for
Skanska is USD 88 M, about SEK 605 M, which will be included in order bookings
for Skanska USA Building for the third quarter 2012.
Skanska’s work includes extensive demolition as well as the installation of a
sub-slab depressurization system, classrooms, science labs and music rooms. The
project also includes a 2-story addition which will allow for a gymnasium and
auditorium to be built for the school’s about 2,900 students.

The Beacon High School will be located in the Hell’s Kitchen neighborhood of
Manhattan. The project is scheduled for completion in May 2015.

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 Commercial Development, which develops
commercial projects in select U.S. markets. Headquartered in New York, Skanska
USA has approximately 9,400 employees and its 2011 revenues were SEK 31.3
billion.

For further information, please contact:
Beth Miller, Communications Manager, Skanska USA, tel +917 656 5883
Edvard Lind, Group Press Officer, Skanska AB, tel: +46 (0)10-448 88 08
Direct line for media: +46 10 448 88 99

This and previous releases can also be found at www.skanska.com

Skanska AB may be required to disclose the information provided herein pursuant
to the Securities Markets Act.

Throughout 125 years, Skanska has been a modern and innovative developer and
contractor, building what society needs. Today, Skanska is one of the world’s
leading project development and construction groups with expertise in
construction, development of commercial and residential projects and public
-private partnerships. Based on its global green experience, Skanska aims to be
the clients' first choice for Green solutions. The Group currently has 53,000
employees in selected home markets in Europe, in the US and Latin America.
Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange,
Skanska's sales in 2011 totaled SEK 123 billion.