New President in Skanska Latin America Following a Breach of Code of Conduct in Argentina

The subsequent correction will have a negative impact on SkanskaLatin America's operating income amounting to USD 1.7 M, SEK 13 M,which will be reported in the second quarter 2006.

Seven employees involved in the two projects have lost theiremployment with the company.

"It is very serious when we suffer violations of our Code ofConduct. The Code is one of the cornerstones of the Group's values anda platform for how we want our business to be conducted," says StuartGraham, CEO and President, Skanska AB.

Following this event the Business Unit President Gustavo Vago hasdecided to resign his position.

The Chief Operating Officer Hernan Morano has been appointed newBusiness Unit President. Between 2002 and 2005, Hernan acted as theProject Director for the Autopista Central project in Santiago deChile, the largest infrastructure development investment in Skanska.

Skanska Latin America is one of the continent's leadingconstruction companies. Operations focus primarily on services for theoil and gas industry as well as construction. In 2005, the company hadabout 10,000 employees and revenues of about SEK 3.6 billion.

This and previous releases can also be found at www.skanska.com

Skanska is one of the world's leading construction groups withexpertise in construction, development of commercial and residentialprojects and public-private partnerships. The Group currently has54,000 employees in selected home markets in Europe, in the US andLatin America. Sales in 2005 totaled USD 17 billion.

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