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2016-02-04

Veidekke ASA: To build homes in Malmö

Veidekke has been awarded a contract by Magnolia Bostad AB to build 279
apartments in Limhamn in Malmö. This is a turnkey contract valued at SEK 283
million, excluding VAT.

Veidekke will erect two five-storey shells, in addition to a cellar with
parking and technical rooms. There will be 129 and 150 apartments in each
unit respectively, most of them bedsits and one bedroom. A high degree of
prefabrication is planned in the project, for example through the use of
bathroom modules and elements for the shell. Planning and production will
take place using VDC (Virtual Design and Construction), and through
involvement and collaboration between all participators.

"We initiated our first partnership with Veidekke around three years ago, and
it has worked out very well without exception. It's only natural that we
choose to continue and extend the partnership, and we take a positive view of
Veidekke's ability to provide the highest quality this time around too," says
Fredrik Lidjan, who heads Magnolia Bostad.

The plan and design work starts immediately, while construction is scheduled
to start in the summer with completion in October 2018.

For more information about the
project:http://magnoliabostad.se/portfolio/limhamn/

For press photos, seewww.flickr.com/photos/veidekke,for more information,
contact:
Work Manager Håkan Stackebo, Veidekke Bygg Syd, tel. +46 76 83 29
120,hakan.stackebo@veidekke.se

Regional Manager Ulf Sterner, Veidekke Bygg Syd, tel. +46 70 32 44
563,ulf.sterner@veidekke.se

Communications Manager Helge Dieset, Veidekke ASA, 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 billion (2014), 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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