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2015-04-20

Veidekke ASA: Major road contract

Today Veidekke Entreprenør has signed a contract with the Norwegian Public
Roads Administration to build the first section of the E134 Damåsen -
Saggrenda project near Kongsberg in Buskerud county. The value of the
contract is close to NOK 727 million excluding VAT.

The section Veidekke will build is approximately five kilometres and runs from
Tislegård in Kongsberg and east to Damåsen (towards Drammen). The contract
involves building near three kilometres of four-lane main road, an
interchange at Damåsen and the Kongsberg tunnel with a two kilometre,
two-bore tunnel. Additionally, approximately one kilometre of the new
secondary road 286 is to be built, including a new access road to Damåsen
Pukkverk, as well as a parking lot at Diseplass. The contract also includes
building the three Damåsen, Diseplass and Majorplassen bridges (passover) and
two tunnel portals at the eastern tunnel entry.

- "We are very pleased with the confidence the NPRA has shown us, and that we
won the competition for this contract. Together we will complete a
first-class project for road users. Here a stretch with a high accident rate
will be replaced by a new and safe road for the benefit of both through
traffic and traffic to and from Kongsberg and Numedal. Now we are looking
forward to getting started with the work," says project manager Neal Nordahl
of Veidekke.

The works will commence in June 2015 and completion is planned for November
2018.

For press photos, seewww.flickr.com/photos/veidekke,for more information,
contact:
Head of department Jørn Audun Gjennestad of Veidekke, tel. +47 95 75 04
05,jorn.gjennestad@veidekke.no

Project manager Neal Nordahl of Veidekke, tel. +47 90 92 44
64neal.nordahl@veidekke.no

Project manager Tom Hedalen of the NPRA, tel. +47 90 95 94
33,tom.hedalen@vegvesen.no

Communications manager Helge Dieset of Veidekke, 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
is characterised by involvement and local knowledge. Revenue 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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