Jan Johansson Has Been Appointed Vice-President of Peab

Regulatory News:

Recent developments on the financial markets together with the change in the economy have created new challenges and opportunities. In order to further strengthen Peab’s (STO:PEABB) capacity to take the offensive in the current market situation Mats Paulsson, the President and CEO of Peab has appointed Jan Johansson as Vice-President.

Jan Johansson began his career in Peab in 1986 and has since then held different positions within the Group. In 2006 he was made Deputy CEO.

This appointment will allow Mats Paulsson to focus more on strategic matters, while Jan Johansson will be responsible for Peab’s operations.

Peab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 10.15 a.m on 14 May 2009.

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

Peab is one of the leading construction and civil engineering companies in the Nordic countries with a net sale exceeding SEK 35 billion and approximately 15,000 employees. The Group’s subsidiaries have strategically located offices in Sweden, Norway and Finland. The share is listed on Nasdaq OMX Stockholm. The registered office of the Group is at Förslöv, Skåne in south of Sweden.

This information was brought to you by Cision http://www.cisionwire.com