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2014-04-30

Veidekke ASA: To build commercial building in Sola

The Veidekke company Block Berge Bygg AS has been awarded the contract by
Ringholm 1 AS to build a combined building consisting of office and workshop
for tenant Expro Norway AS. This is a turnkey contract valued at NOK 150
million, excluding VAT.

The new commercial building will be located in Risavika in Sola municipality.
The building will have a total area of around 9,800 m² shared between a three
storey office building and a workshop building. The project is a cooperative
effort between the client, Bygg-Kon AS and Block Berge Bygg. The building
will constructed with load-bearing concrete element façades in painted and
mini-retarded concrete.

"We are continuously striving to develop our expertise in building energy and
environmentally sound buildings based on our industrial premise. Success in
winning this contract is very pleasing, and the project will make a positive
contribution toward our continued development," says managing director Yngvar
Karlsen of Veidekke's wholly-owned subsidiary Block Berge Bygg AS.

Construction has started, and the building is expected to be ready for
takeover in August/September 2015.

For more information please contact:
Managing Director Yngvar Karlsen, Block Berge Bygg AS, tel. +47 51 78 99
00,yk@blockberge.no

Veidekke's Communications Manager Helge Dieset, mobile phone +47 90 55 33
22,helge.dieset@veidekke.no

Veidekke is one of Scandinavia's leading contractors and property developers
with a turnover of NOK 21 billion (2013) and 6,300 employees. Activities
include building and construction projects, residential developments, asphalt
plants, gravel and aggregates, and road services. Our values are
professional, honest, enthusiastic and ground-breaking. Our goals for health,
safety and the environment, HSE, have equal status with our financial goals.
Veidekke is characterised by a strong corporate culture with employee
involvement and co-ownership as important cornerstones. More than half of the
employees are co-owners, holding around 20 per cent of the Group's shares
between them. The company is listed on the Oslo Stock Exchange and has always
posted a profit since it was founded in 1936.

Block Berge Bygg AS is one of Rogaland county's leading EPC contractors and a
major supplier of precast concrete building elements. The company is wholly
owned by Veidekke ASA and has 325 employees. It has its own concrete element
factory in Klepp, outside Stavanger, and had a turnover of NOK 850 million in
2013.

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

Illustration project Risavika
http://hugin.info/172/R/1781532/609565.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#1781532

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