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2014-04-07

Veidekke ASA: To build passive house school south of Stockholm

Veidekke's subsidiary Arcona has been awarded the contract to build Glömsta
school and sports hall in Flemingsberg in Huddinge municipality. The
assignment is a collaboration project with a target price of SEK 215 million
excluding VAT.

Glömsta school will be an elementary school for 720 pupils. The 9,400 m2school
will have a modern layout and a learning environment with no corridors that
provides great flexibility. Arcona is also to build a sports hall in
connection with the school. The school will meet the requirements towards
passive houses and will be classified as a silver level Environmental
Building. With ground heating and solar collectors, energy consumption will
be a mere 25 kWh/m2per year.

"We have chosen Arcona as our partner for this project as they have had vast
experience with collaboration contracts from an early stage and were also
able to present the best organization and best way to manage the project,"
says Johann Månsson, project manager with Huge Fastigheter AB.

Video/animation from the school:http://youtu.be/y8Q13eDpPNk

For more information please contact:
Niklas Virving, business affairs manager of Lean Construction with Arcona, tel
+46 8 601 21 71,niklas.virving@arcona.se

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 Glomsta School
http://hugin.info/172/R/1775233/605295.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#1775233

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