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2014-05-05

Veidekke ASA: Wins major contract for health building in Sweden

At Huddinge Hospital south of Stockholm, Veidekke has been awarded the
contract by TKV Fastighet AB to build a teaching building and laboratory with
a floor area of 20,000 m2. This is a turnkey contract valued at SEK 317
million, excluding VAT.

A challenge in the project is to create as little disturbance as possible for
ongoing hospital operations, and an innovative logistics solution has been
used to reduce traffic loads. Both Veidekke Entreprenad and subsidiary Arcona
will make use of their extensive experience in building customized training
facilities in this project. The Virtual Design and Construction (VDC) work
methodology will be used in the project with 3D models to ease interaction
and involvement between all parties and to ensure short and efficient
decision processes.

"We have chosen Arcona and Veidekke as partners because they presented the
best plan for how this complex project could be built in parallel with
ongoing hospital operations. They could also offer a coordinated organization
with good conditions for the transfer of experience from previously completed
projects," says project supervisor Håkan Karlsson of TKV.

The project is called "Technology for Health - Medicinaren 5." The main tenant
will be Kungliga Tekniske Högskolan (KTH), but the Red Cross's nurse training
will also have premises in the new building. Construction starts in June and
is expected to be completed in the summer of 2016.

For more information please contact:

Pawel Missuna, work manager with Veidekke Bygg Stockholm, +46 733 55 95
12,pawel.missuna@veidekke.se

Arne Svensson, business manager with Arcona, +46 8 601 21
16,arne.svensson@arcona.se

Helge Dieset, Communications Manager of Veidekke ASA, tel. +47 90 55 33
22,helge.dieset@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 characterized by involvement and local knowledge. Turnover is NOK 21
billion (2013), and half of the 6,300 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 health building
http://hugin.info/172/R/1782766/610317.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#1782766

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