Skanska Repairs Sections of Expressway in New York, USA, for USD 63M, about SEK 530M

Regulatory News:

Skanska (STO:SKAB)

Skanska has signed a contract with the New York State Department of Transportation for the rehabilitation of sections of an expressway in New York, USA. The contract is worth USD 63M, about SEK 530M, which will be included in the order bookings for Skanska USA Civil in the third quarter 2016.

The steel repair project of Interstate 278 in Brooklyn will include structural steel rehabilitation, including replacement and repainting.

Construction is underway and is slated for completion in November 2018.

Skanska USA is one of the leading development and construction companies in the country, consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development, which develops public-private partnerships; and Skanska USA Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has more than 10,000 employees and its 2015 revenues were SEK 54.5 billion.

The information provided herein is such as Skanska AB is obligated to disclose pursuant to the EU market securities act (EU) no. 596/2014.

Skanska is one of the world’s leading construction and project development companies, focused on selected home markets in the Nordic region, other European countries and North America. Supported by global trends in urbanization and demographics, and by being at the forefront in sustainability, Skanska offers competitive solutions for both simple and the most complex assignments, helping to build a sustainable future for customers and communities. The Group currently has 43,100 employees in selected home markets in Europe and North America. Skanska's sales in 2015 totaled SEK 155 billion.

This and previous releases can also be found at www.skanska.com

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