Skanska Sells Land in Warsaw for SEK 117 M, with Gain of SEK 94 M

STOCKHOLM, Sweden–(EMWNews)–Regulatory News:

Skanska (STO:SKAB) has sold land with building rights in Warsaw. The

sales price amounts to SEK 117 M. The capital gain of SEK 94 M will be

reported in the third quarter. The buyer is the Canadian investment

fund, Capital Park.

The land with building rights is located in Wilanow on the outskirts of

Warsaw, and comprises 38,000 square meters.

“We are selling these building rights because

the Wilanow area is turning into a residential area with elements of

retail. That is outside our focus, which is developing commercial

premises with a high environmental profile. In recent years, the price

of building rights in Poland has developed strongly and we will receive

excellent returns from the sale of the land, which we acquired in 2004,”

says Lars Vardheim, President of Skanska Commercial Development Europe.

In Poland Skanska Commercial Development Europe is currently developing

five commercial projects in Warsaw and Wroclaw, totaling 74,000 square

meters of leasable area.

Skanska Commercial Development Europe initiates and develops property

projects within offices and logistics. The operation is concentrated in

Warsaw, Prague and Budapest as well as the selected Central European

growth areas of Wroclaw, Poland and Ostrava, Czech Republic. The

business operated in three local units: Skanska Property Czech Republic,

Skanska Property Hungary and Skanska Property Poland.

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.

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