Peab to Build a New School in Skara

Peab (STO:PEABB) has been contracted to plan, design and build a new 7-9 school in Skara, Sweden. The client is Skara Municipality and the contract amounts to approximately 220 million.

The new school comprises approximately 11,000 sqm and the new school will replace an existing school that will be demolished. The new school will be classified according to the Green Building Silver and will be characterized by modern design and a completely new design language with a focus on visual contact at all stages.

An example of this is that the gymnasium will be located in the middle of the building, with "transparency" from other public areas and function rooms.

The school is expected to be completed during the summer 2017.

Project will be order reported in the fourth quarter in 2014.

At the publication of press images indicate photo: AART architects.

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 on 23 October 2014 at 10.00 a.m.

Peab is the Nordic Community Builder with some 13,000 employees and net sales exceeding SEK 40 billion. 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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