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2015-09-23

Veidekke ASA: To build commercial building for Staples

Veidekke's subsidiary Norske Stålbygg AS has signed a contract with Anthon B
Nilsen Eiendom AS to build a combined warehouse and logistics building for
Staples at Lahaugmoen outside Oslo. The value of the contract is NOK 173
million excluding VAT.

"We are very proud to once again be selected as partner by Anton B Nilsen
Eiendom AS. The contract is a perfect fit in our strategy of developing and
erecting non-residential buildings under turnkey contracts. We look forward
to going ahead with the job and look forward to renewed good collaboration,"
says general manager Terje Kaasa Larsen of Norske Stålbygg.

The building, which will have a gross area of 26,000 m2overall, will be
erected at Lahaugmoen in Skedsmo municipality. The former army camp is
currently undergoing a transformation into a new, attractive and centrally
located industrial area. Staples, which is the world's largest office supply
chain store, will lease the building to supply their 22 outlets in Norway.

Norske Stålbygg will undertake the project in a joint venture with Veidekke's
building and construction operation in Oslo.

Work starts in September, and the building will be ready for use in March
2017.

For press photos see
www.flickr.com/photos/veidekke,
for more information, please contact:
General manager Terje Kaasa Larsen of Norske Stålbygg AS, tel. +47 91 69 31
29,terje.kaasa.larsen@norskestalbygg.no

Project Manager Yngve R. Ivertsen of Anton B Nilsen Eiendom AS, tel. +47 91 59
31 98,yri@abne.no

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

Norske Stålbygg AS is a turnkey contractor that designs, develops and erects
various types of commercial and industrial buildings all over Norway. We are
30 enthusiastic colleagues and expect turnover of NOK 200 million in 2015.
Norske Stålbygg is a company in the Veidekke Group, and is based in
Sandefjord.

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.

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

Staples illustration
http://hugin.info/172/R/1954054/711087.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#1954054

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