Skanska has been awarded a contract to construct the first phase of a
new refinery for crude oil in Brazil. The total contract value is USD
623 M, of which Skanska’s share is 40 percent, corresponding to about
USD 250 M, or about SEK 1.8 billion, which will be included in order
bookings for the first quarter. The customer is Petrobras, one of the
world’s leading energy companies and one of Skanska’s repeat customers.

The contract is for the first processing unit of a new oil refinery at
Petrobras Petrochemical Complex in the Rio de Janeiro state.

The project relates to a crude and distillation unit for crude oil
entering the refinery. The unit will have the capacity to process about
150,000 barrels a day.

Skanska will head the consortium responsible for design, detailed
engineering executions and construction of the facilities, including
electromechanical installations. The contract also encompasses the
procurement of material and equipment and Skanska will also provide
assistance in connection with start up and operation.

Work is scheduled to commence immediately and will be completed within
36 months. About 3,000 workers will be involved when work on the project
is at its peak.

The facilities at Petrobras Petrochemical Complex, Comperj, will cover
an area of 45 square kilometers and will be operational during 2013.

Skanska Latin America is one of the continent’s leading contractors.
Operations focus primarily on construction, operations and services for
the international oil & gas and energy industry. In 2009, the company
with about 10,000 employees, had revenues of about SEK 6 billion.

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 project development and
construction groups with expertise in construction, development of
commercial and residential projects and public-private partnerships.
Based on its global green experience, Skanska aims to be the clients'
first choice for green solutions. The Group currently has 53,000
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 2009 totaled SEK 137 billion.

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