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Skanska launches public tender for a controlling interest in Exbud

Press release 4/5/2000 3:05 PM CET

Skanska has today announced a public tender to acquire a controlling interest in the shares and votes in Exbud, the leading contractor in Poland, at a price of zl 45 per share. This is at a premium of 30 percent to the six month average price of zl 34.6. Skanska announced on 16th March 2000 that it had entered into a transaction to acquire 9.99 percent of the shares and votes in Exbud.

PRESS RELEASE

 

April 5, 2000   Skanska launches public tender for a controlling interest in Exbud, the leading Polish construction company Skanska has today announced a public tender to acquire a controlling interest in the shares and votes in Exbud, the leading contractor in Poland, at a price of zl 45 per share. This is at a premium of 30 percent to the six month average price of zl 34.6. The tender subscription period will run from 12th April to 25th April. Skanska announced on 16th March 2000 that it had entered into a transaction to acquire 9.99 percent of the shares and votes in Exbud and its intention to launch a public tender once approvals from the Polish Securities and Exchange Commission and the Anti-Monopolies Office had been received. The appropriate approvals have now been received.   __________________________________________________   For further information please contact: Staffan Schéle, Corporate Finance, Skanska AB, Tel +46 8 753 82 72 Peter Wallin, Investor Relations, Skanska AB, Tel +46 8 753 88 86 Robert Flemings & Co (financial adviser) William Wells, Director, Tel +44 20 7382 8246 Martin Balawajder, Director, Tel +48 22 653 9305 Michael Harvey (public tender), Tel +48 22 653 9381 Krszyztof Raksimowicz (public tender), Tel +48 22 653 9310