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2014-04-23

Veidekke ASA: To build Gladengen Park with 56 homes in Oslo

Today Veidekke Entreprenør was awarded the contract to build 56 flats at Ensjø
in Oslo for Gladengveien DA. The project will be executed as a turnkey
contract valued at NOK 113 million, excluding VAT.

"We have just completed Stålverksparken with 44 flats for Gladengveien DA, and
are proud to be selected as partner for the development and construction of
Gladengen Park on one of the best sites at Ensjø," says project manager
Anders W. Haugen of Veidekke.

The building will be constructed of in situ concrete with prefabricated
balcony and stair elements. The façades will primarily be plaster with metal
details. All flats will have separate balconies or ground floor terraces.
There will be a common roof terrace, and the cellar will accommodate storage
spaces and parking facilities for cars and bicycles.

Veidekke has already started ground work, and occupation is planned for the
fourth quarter of 2015.

Seewww.obos.no/gladengenparkfor more information on the project.

For more information please contact:

Project manager Anders W. Haugen of Veidekke Entreprenør AS, tel. +47 97 666
314,anders.haugen@veidekke.no

Project Manager Haakon Grønnæss, Gladengveien DA, tel. +47 95 788
474,haakon.gronnass@obos.no

Communications Manager Helge Dieset, Veidekke ASA, tel. +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.

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

Illustration Gladengen Park
http://hugin.info/172/R/1779349/608001.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#1779349

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