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2015-09-04

Veidekke ASA: To build 52 homes at Ensjø in Oslo

Gladengveien DA has awarded Veidekke Entreprenør the contract to build stage
two of the neighbouring projects Verkshagen and Stålverkskroken at Ensjø. The
building of the 52 apartments will be carried out as a turnkey construction
contract. The contract is worth NOK 100 million excluding VAT.

"We are very pleased to once again be selected as the preferred builder for
OBOS and Gladengveien DA at Ensjø. When this is ready, we will have completed
a total of 800 apartments and a large school in this community, and we are
looking forward starting the project," says district manager Hans Olav Sørlie
of Veidekke Oslo.

The project will have a selection of two, three and four room apartments
ranging in size from 42 to 109 square metres. The buildings will be
constructed of in situ concrete with prefabricated balcony and stair
elements. The façades will primarily be cast with aluminium sheets. All
apartments will have their own balconies or ground floor terraces, and the
basement will accommodate storage spaces and parking facilities for cars and
bicycles.

Building is set to start in Q1 2016, with occupation of the apartments from Q3
2017. Seehttp://www.obos.no/nyboligfor more information on the projects.

For more information, please contact:
Project Manager Kaare Gilhus of Veidekke Entreprenør AS, tel. +47 45 03 01
97,kaare.gilhus@veidekke.no

Project Manager Ida Martine Strøm, Gladengveien DA, tel. +47 97 97 50
38,ida.martine.strom@obos.no

Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33
22,helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's largest construction and property development
companies. The company undertakes all types of construction and civil
engineering contracts, maintains roads, and produces asphalt and aggregates.
The company is characterised by involvement and local knowledge. Revenue is
NOK 24 billion (2014), and half of the 6,400 employees own shares in the
company. Veidekke is listed on the Oslo Stock Exchange and has always posted
a profit since it was founded in 1936.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Illustration new projekt
http://hugin.info/172/R/1949649/708635.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Veidekke ASA via Globenewswire

HUG#1949649

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