Sale of Pandox completed

PRESS RELEASE, JUNE 13, 1997                             45/97

SALE OF PANDOX COMPLETED

• The selling price has been set at SEK 52 per share

• The Offering was subscribed approximately four times

• Listing on the O-List of Stockholm Stock Exchange on June 23, 1997

Skanska and Securum have sold a total of 8,000,000 shares corresponding to 80 percent of the total number of shares and votes in Pandox Hotellfastigheter AB to the general public in Sweden and to Swedish and international institutional investors. Of these shares Skanska has sold 3,500,000 shares and Securum 4,500,000 shares.

An additional 1,000,000 shares, at the most, corresponding to 10 percent of the total number of shares and votes in Pandox, cold be sold in conjunction with the offering if the over-allotment option is exercised. Of these 1,000,000 shares, Skanska and Securum will sell half each.

The price for the Pandox share was established by a book-building procedure at SEK 52 per share.

The offering was subscribed approximately four times. Those receiving an allotment included 150 institutions, in Sweden and abroad. The total number of shareholders at introduction will amount to approximately 4,000. After the introduction, Skanska will be the largest single shareholder with 10-15 percent of the shares in Pandox depending on whether the over-allotment option is exercised.

Listing of the shares on the O-List of the Stockholm Stock Exchange is expected to occur on June 23, 1997. Payment of the allotted shares must be made not later than June 19, 1997.

Pandox will be the first listed pure hotel real estate company in Sweden. Pandox owns 16 Swedish hotel properties with a total book value of SEK 1,355 M and total rental revenues of SEK 136 M, based on pro forma calculations for 1996.

Alfred Berg is financial advisor and the lead issue bank for the Offering.

Stockholm, June 13, 1997

SKANSKA AB SECURUM AB

This and previous releases are also available on http://www.skanska.se