Skanska to Construct Shopping Center in Poland for PLN 153 M, about SEK 385 M

STOCKHOLM--(BUSINESS WIRE)--Regulatory News:

Skanska (STO:SKAB) has secured an order to construct a shopping center in southeast Poland. The contract value is PLN 153 M, or about SEK 385 M, which will be included in order bookings for the fourth quarter. The customer is Helical Poland, a subsidiary of the UK company Helical Bar plc, which is listed on the London Stock Exchange and specializes in the development of investment in office properties and shopping centers.

The assignment pertains to the new Turawa shopping center in Opole, situated between Wroclaw and Katowice. The site, which will comprise three retail buildings featuring a shared restaurant, has a total floor area of 41,000 sq m.

Skanska’s assignment also includes ground works construction of local roads connected to the main highway to Opole.

Work on site will begin this autumn and is scheduled for completion in December 2010.

Skanska Poland, one of the largest construction companies in the Poland, had sales of SEK 7.6 billion in 2008. The company has about 5,700 employees. In Poland also Skanska Commercial Development and Skanska Infrastructure Development are active.

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.

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. The Group currently has 55,000 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 2008 totaled SEK 144 billion.

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