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Skanska: Skanska renovates Fifth Third Arena at the University of Cincinnati, USA, for USD 50M, about SEK 420M

Skanska has, together with its joint venture partner Megen
Construction, signed a contract for about USD 70M with the University
of Cincinnati to manage the renovation of its multi-purpose Fifth
Third Arena. Skanska has a 70 percent share of the contract, worth
about USD 50M, about SEK 420M, which will be included in the order
bookings for Skanska USA Building in the second quarter 2016.

Renovations to the 26-year old facility, originally named the Myrl H.
Shoemaker Center, include the creation of a 360-degree seating bowl
with space for 11,500 spectators. It includes new concessions and
restrooms, an upper-level concourse with fan amenities, expanded food
and beverage options, a new Bearcats lounge and super suites. A new
main entrance and plaza with ticketing and guest services are also

The Fifth Third arena is home to the University of Cincinnati Bearcats
men's and women's basketball teams and women's volleyball team.

Construction is scheduled to begin in June 2016 and is slated for
completion in November 2018.

Skanska USA is one of the leading development and construction
companies in the country, consisting of four business units: Skanska
USA Building, which specializes in building construction; Skanska USA
Civil, specialized in civil infrastructure; Skanska Infrastructure
Development North America, which develops public-private
partnerships; and Skanska USA Commercial Development, which develops
commercial projects in select U.S. markets. Headquartered in New
York, Skanska USA has more than 10,000 employees and its 2015
revenues were SEK 54.5 billion.

For further information, please contact:

Shelby Adams, Communications, Skanska USA, tel: +1 972 281 64 51

Andreas Joons, Press Officer, Skanska AB, tel +46 (0)10 449 04 94

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at

Skanska AB discloses the information provided herein pursuant to the
Securities Market Act.

Skanska is one of the world's leading construction and project
development companies, focused on selected home markets in the Nordic
region, other European countries and North America. Supported by
global trends in urbanization and demographics, and by being at the
forefront in sustainability, Skanska offers competitive solutions for
both simple and the most complex assignments, helping to build a
sustainable future for customers and communities. The Group currently
has 43,100 employees in selected home markets in Europe and North
America. Skanska's sales in 2015 totaled SEK 155 billion.


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