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2016-05-10

Veidekke ASA: To build extension for upper secondary school in Stjørdal

Veidekke Entreprenør has been awarded the contract by Nord-Trøndelag county
municipality to build a new wing that includes workshop halls connected to
Ole Vig upper secondary school in the centre of Stjørdal. The value of the
contract is NOK 114 million excluding VAT.

The new wing will be a part of the existing Ole Vig upper secondary school in
Stjørdal. The wing includes new workshops with accompanying classrooms and
wardrobe facilities for building and construction technology, technology and
industrial production, electrical disciplines and design and handicraft.
Additionally, a new library and new workplaces for the teachers will be
built. The wing will total 5,500 m2in size.

The project has been developed in collaboration with HUS architects and
Nord-Trøndelag county municipality. The project group has been in close
dialogue with users, and the new wing will provide a boost for both students
and employees at the school.

"We're proud and pleased for the confidence Nord-Trøndelag county municipality
has shown Veidekke by allowing us to contribute to develop Ole Vig upper
secondary school. Our experience is that we achieve the best results through
involving interaction and close dialogue with the county municipality and the
users," says Ståle Brovold, district manager of Veidekke Entreprenør in
Trondheim.

The work sheds arrived on site before Easter, and the work on demolishing the
existing wing has commenced. The new workshop building will be ready for use
in August 2017.

For press photos, seewww.flickr.com/photos/veidekke,for more information,
contact:
Head of department Avdelingsleder Helle Jensen, tel. +47 99 15 21
89,helle.jensen@veidekke.no

District manager Ståle Brovold, tel. +47 90 77 28 19,stale.brovold@veidekke.no
Communications Manager Helge Dieset, 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 building and construction
contracts, maintains roads and produces asphalt and aggregates. The company's
operations are characterised by involvement and local knowledge. Revenue is
NOK 24.5 billion (2015), and half of the 7,000 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.

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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

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