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Peab Wins Contract to Build New Apartments in Oslo, Norway

Peab's Norwegian subsidiary Peab AS (STO:PEABB) has been commissioned to build 203 new apartments in Oslo.

The customer is the tenant company USBL and the contract amounts to NOK 363 million.

The apartments will be built in the district Etterstad in central Oslo to start construction in spring 2011 and completion is expected to be ready during spring 2014.

Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.

Source: http://www.peab.com/

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