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2014-04-09

Veidekke ASA: To build The Winery Hotel in Stockholm

Fabege has awarded Veidekke Bygg Stockholm and Veidekke's subsidiary Arcona
the contract to build a unique hotel in Stockholm. This will be a turnkey
contract valued at SEK 200 million, excluding VAT. The hotel concept has been
developed on the basis of increasing interest in wine and wine production.

The Winery Hotel will be located at the northern main access road to
Stockholm, within walking distance of Friends Arena. The hotel will have 184
room, and inspiration for the design has been the Wythe Hotel Brooklyn in New
York, among other things. As the name indicates, the hotel's theme will be
based on wine and wine production. This will characterize the premises'
design and appearance, and the hotel will of course produce its own wine. The
lobby will provide a view of the oak barrels where the wine matures, and a
wine bar immediately adjacent with thousands of bottles organized by origin.

"The fact that Veidekke and Arcona have won the contract is a result of them
living up to our stringent demands toward quality, cost-effectiveness and
professionalism," says Klas Holmgren, Director of Projects and Development
with Fabege.

The partnership between Veidekke and Arcona is based on an involving work
process with a common view on HSE, the environment and quality. The vision is
a partnership for added value between all stakeholders. This provides reduced
costs, better quality and functionality for the customer, and greater
efficiency and safety for everyone involved.

For more information please contact:
David Grimheden, head of department, Veidekke Bygg Stockholm, tel. + 46 7 33
55 99 47,david.grimheden@veidekke.se

John Lundholm, Project Manager for Arcona, tel. +46 8 601 21
03,john.lundholm@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 The Winery Hotel
http://hugin.info/172/R/1775663/605610.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

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