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2015-10-08

Veidekke ASA: To build Diagonale at Bjørvika

Veidekke Entreprenør has signed a contract with A9 Palekaia AS (50% Thongård
AS and 50% HAV Eiendom AS) to build the cellar of the major Diagonale project
close to the opera in the centre of Oslo. This is a turnkey contract valued
at NOK 150 million, excluding VAT.

The Diagonale project will be located between Dronning Eufemias gate and
Operagata. The entire project will include around 400 student homes, 14,000
m2of offices and 4,000 m2retail/restaurants at street level. The whole
project will consist of two buildings linked by a common cellar.

"Now we are looking forward to getting started with construction. This will be
an exciting project with an extremely attractive location. The combination of
student bedsits, restaurants and offices will bring life to the area both
during the day and in the evenings. With Veidekke we have a contractor who
both knows Bjørvika well and who has extensive expertise and the ability to
perform in this type of project," says general manager Bernt Nordby Skøien
with A9 Palekaia AS.

Construction work starts in November. Seewww.diagonale.nofor more information
on the project.

For press photos, seewww.flickr.com/photos/veidekke,for more information,
contact:
District Manager Hans Olav Sørlie, tel. +47 91 74 49
23,hans-olav.sorlie@veidekke.no

Project manager Rune Fossland, tel. +47 901 66 480,rune.fossland@veidekke.no

General manager Bernt Nordby Skøien with A9 Palekaia AS, tel. +47 99 70 13
12,bernt.skoien@haveiendom.no

Communications Manager Helge Dieset of Veidekke, 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 Diagonale project
http://hugin.info/172/R/1957746/713317.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#1957746

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