Peab and Folksam have acquired 50% of Kvarnholmen Development, Nacka

Regulatory News:

Peab (STO:PEABB) and Folksam has formed a joint venture company which has acquired KF Real Estate’s share in Kvarnholmen Development and another company containing development rights. After the acquisition Kvarnholmen Development is owned equally by JM and by the Peab and Folksam jointly owned company.

Kvarnholmen Development is to carry out the development rights for the production of more than 1 500 new apartments.

Kvarnholmen is a peninsula in Nacka Municipality, attractively situated opposite the island of Djurgården in Stockholm inlet.

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 2.15 pm on 28 December 2012.

Peab is the Nordic Community Builder with some 15,000 employees and more than SEK 40 billion in net sales. 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.

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