Skanska to build student housing in Norway for SEK 350 M

Skanska to build student housing in Norway for SEK 350 M

Skanska has been contracted to build student housing in Trondheim, Norway. The
contract amounts to NOK 300 M, about SEK 350 M, which is included in order
bookings for the fourth quarter. The customer is the Student Welfare Association
in Trondheim.

The contract involves construction of a new student housing area, Berg
Studentby, and comprises a total of 17,000 square meters distributed among 644
student rooms and common areas. The project also involves certain demolition
work.

Work begins in December and is scheduled to be completed in December 2010.

Skanska Norway focuses on construction and civil engineering operations. The
unit has about 4,500 employees. In 2007, Skanska Norway generated revenues of
approximately SEK 12.8 billion. In Norway, Skanska is also active in the
development of residential projects and PPP (Public Private Partnership)
projects. 




For further information please contact:

Geir Linge, Head of Communications, Skanska Norway, tel +47 4000 6400
Peter Gimbe, Press Officer, Skanska AB, tel +46 8 753 88 38. 
Direct line for media: tel +46 8 753 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.

Skanska is one of the world's leading construction groups with expertise in
construction, development of commercial and residential projects and
public-private partnerships. The Group currently has 60,000 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
2007 totaled SEK 139 billion.