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2016-04-04

Veidekke ASA: To build terminal for Posten Norge and Bring in Narvik

Veidekke Entreprenør has won a contract to build yet another logistics
terminal for Posten Norge and Bring, this time in Bjerkvik just north of
Narvik. The value of the contract is NOK 100 million excluding VAT.

The logistics terminal will be part of Posten Norge's network of terminals for
the handling of mail, parcels and freight. The project in Bjerkvik comprises
a building 6,100 m2in size and approx. 24,000 m2outdoor areas. The building
work primarily concerns production and administration space.

"This is an important project for Veidekke in northern Norway. The fact that
Posten Norge once again has chosen Veidekke as contractor to build one of its
new terminals is a vote of confidence that we are both grateful for and proud
of," says Ronny Robertsen, district manager for Veidekke Entreprenør in
northern Norway.

"The transfer of experience in Veidekke from previous deliveries to Posten
Norge has been important for us in the tender process. Additionally, over
time Veidekke in northern Norway has developed expertise that is well-suited
to this type of project. We look forward to working with the client and our
partners in a way that involves everyone in the planning and execution of the
project," Robertsen concludes.

Construction will start in the end of April, and is to be be completed in Q1
in 2017.

For press photos, seewww.flickr.com/photos/veidekke,for more information,
contact:
District Manager Ronny Robertsen, tel. +47 979 83
084,ronny.robertsen@veidekke.no

Head of department Kaja Hasvoll Bakke, tel. +47 413 56
372,kaja.bakke@veidekke.no

Communications Manager Helge Dieset of Veidekke ASA, tel. (+47) 905 53
322,helge.dieset@veidekke.no

Press officer John Eckhoff with Posten Norge, tel. +47 913 97
071,john.eckhoff@posten.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.

Illustration Posten Bring Narvik
http://hugin.info/172/R/2000327/737918.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#2000327

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