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2015-08-17

Veidekke ASA: New major project at Karolinska Institut

Veidekke is to build new research facilities at Karolinska Institutet in
Huddinge outside Stockholm. This is a turnkey contract valued at SEK 504
million, excluding VAT.

In cooperation with subsidiary Arcona, Veidekke will erect the new 26,000
square metre building for TKV2 Fastighets AB. The project "Neo - Medicinaren
25" is large and challenging, and includes numerous technical installations.
The building will be erected next to the hospital's ambulance reception area,
which will operate as normal during the construction period, thus posing
tough challenges towards logistics and rational, sound operations.

Both Veidekke and Arcona have extensive experience in building research
facilities and health care premises. Joint expertise and an involving work
methodology in planning and production will ensure optimum design and
efficient solutions in close cooperation with the client and users of the
building.

"Veidekke and Arcona presented the most advantageous offer at the right price,
and have a competent organization with an execution model and logistics
solutions we are certain will be capable of managing the challenging location
next to the hospital," says Håkan Karlsson, who is supervising the project
for TKV2.

The project is expected to be completed in November 2017.

For press photos, see
www.flickr.com/photos/veidekke,
for more information, contact:
Pawel Missuna, work manager with Veidekke Stockholm, tel. +46 733 55 95
12,pawel.missuna@veidekke.se

Anders Rauge, business manager with Arcona, tel. +46 8 601 21
75,anders.rauge@arcona.se

Helge Dieset, Communications Manager with Veidekke, tel. +47 90 55 33
22,helge.dieset@veidekke.no

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 almost 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.

Illustration Karolinska
http://hugin.info/172/R/1946066/705879.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#1946066

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