Peab and Folksam launch the Peab fund

Peab and Folksam launch the Peab fund

Peab and Folksam have created a new, special fund for Peab employees.
The fund will be administrated through active management of shareholding
and fund participation, dominated by the Peab share.

 

A special fund called the Peab fund has been created through a unique
cooperation between Peab and Folksam. The fund is a mutual fund which
will invest in shares and share-related transferable securities as well
as fund participation. A substantial part, maximum 40 percent, of the
fund's wealth will be invested in Peab shares.

The fund is managed by Cicero Fonder and will be open to anyone through
Cicero.

 Peab employees will be offered various opportunities to save for their
retirement in the new fund. These retirement savings will be connected
to insurance programs providing Peab employees with survivor benefits in
their long-term retirement savings plans.

”Establishing the Peab fund is the first and fundamental step in a
deepening cooperation between Peab and Folksam in the area of pension
plans. Through this fund Peab will give its hard-working employees new
opportunities, in addition to those provided under the collective
bargaining agreements, to safeguard their future after a life of
service,” says Mats Johansson, Vice-President of Peab.

”This is the first step in providing Peab employees with attractive
savings choices. Through this cooperation Folksam will also be able to
offer various insurance and savings programs to Peab employees over
time,” says Mikael Fekete-Robertsson, Head of the Life Insurance and
Savings Market at Folksam.
This initiative is part of Peab's vision of being a community builder
and attractive employer by further strengthening Peab's bond with its
personnel and reinforcing its position on the Scandinavian construction
and civil engineering market.

The fund will strive to spread risks well and generate a higher real
rate of return than the real rate of growth in the economy over time.

 

For further information please contact:

Mats Johansson, Vice-President Peab, +46 733 37 10 11

Mikael Fekete-Robertsson, Head of the Life Insurance & Savings Market at
Folksam, +46 708 31 60 86

Niclas Brantingson, Information Manager Peab, +46 733 37 20 06

 

Peab AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.

The information was submitted for publication at 9.15 am on 10 September
2010.

Previous press releases from Peab are available at
www.peab.com (http://www.peab.com/)