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2015-08-26

Veidekke ASA: To remodel school in Stockholm

Skolor i Stockholm AS (SISAB) has signed a contract with Veidekke to remodel
and extend Lindeparkens gymnasium in Enskede in south Stockholm. The
assignment is a collaborative contract with a target price of NOK 140 million
excluding VAT.

Lindeparkens gymnasium is to be remodelled as a new elementary school for 600
children. The project has started, and completion is slated for October 2016.

"The choice of contractor was Veidekke and subsidiary Arcona because they
satisfied our requirements toward what should be included in a collaborative
contract, with important elements such as a common target and extensive
knowledge on work with BIM models," says project manager Annika Norlund with
SISAB.

"Veidekke and Arcona are very proud of the confidence shown in us by SISAB to
build a new elementary school, which is perhaps the most important thing we
can build for our community. Our cooperation is based on an involving work
process with common targets for safety, the environment and quality, where
the vision is value adding interaction with all stakeholders. This results in
reduced costs, better quality and functionality for the client, in addition
to improved efficiency and safety for all players in the project," says
Anders Arfvén, who heads Veidekkes building operations in Sweden.

For press photos, see
www.flickr.com/photos/veidekke,
for more information, contact:
Anders Arfvén, Veidekke Entreprenad, tel.:+46 733 55 99
32,anders.arfven@veidekke.se

Helge Dieset, Communications Manager of 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 construction and civil
engineering 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.

Press illustration
http://hugin.info/172/R/1947600/707223.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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