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2015-04-08

Veidekke ASA: Homes sales at Veidekke at a historic high

Veidekke sold a total of 462 homes during the first quarter of 2015. Sales
have been very good in both Norway and Sweden

Veidekke's housing development activity following the first quarter of 2015 is
high in both Norway and Sweden, with good sales and more homes being
produced. In total 462 homes were sold at a value of NOK 1.69 billion. This
is the strongest home sales result the Veidekke group has ever produced in
one single quarter.

The highest activity in Norway is found in the south-eastern area, but sales
are also good in Trondheim and Kristiansand. Activity is high in Sweden in
all our focus areas, comprising Gothenburg, Skåne and Greater Stockholm

"We have been successful in all our new projects in both Norway and Sweden
and currently sales are very good. This means that in the time ahead we shall
start building more new projects. Sales of homes in Sweden have continued to
increase with Stockholm as the most important market. Following several
quarters of lower activity in Norway, the increased sales provide a
foundation for producing more homes during the coming quarters", says CEO and
President Arne Giske.

The number of homes currently in production is 1,499, with Veidekke's share
being 1,237. The corresponding figure for the 1st quarter of 2014 was 1,586
with Veidekke's share being 1,175. The overall sales ratio for projects under
construction is 81% (73%). The overall sales value in the quarter was NOK
1.69 billion, of which Veidekke's share was NOK 1.16 billion.

---------------------------------------------------------------------
| Home sales Q1 gross (1) Veidekke's share of sales in Q1 net (2) |
| |
| 2015 (2014) 2015 (2014) |
| Norway 244 (68) 128 (42) |
| Sweden 218 (62) 217 (58) |
| Total 462 (130) 345 (100) |
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1 Number of sales including jointly-owned projects
2 Veidekke's share of sales

For more information, please contact:
Director of Business Development at Veidekke Eiendom, Audun Blegen, tel. +47
959 79 664,audun.blegen@veidekke.no

CFO Jørgen Michelet, tel. +47 917 43 856,jorgen.michelet@veidekke.no

Veidekke is one of Scandinavia's largest contractors and property developers.
The company undertakes all types of building and construction contracts,
maintains roads and produces asphalt, crushed stone and gravel. The company
is characterised by involvement and local knowledge. Turnover is NOK 24
billion (2014), and half of the 6,400 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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