Veidekke

Regulatory Filings • Jun 14, 2023

Veidekke: Building combined sports facility and grocery store in Oslo

Veidekke: Building combined sports facility and grocery store in Oslo

Veidekke's subsidiary Seby AS will build a combined sports facility and grocery

store for Ready Idrettsforening in western Oslo. The grocery premises are to be

used by NorgesGruppen. The contract is a design and build contract with

interaction valued at just over NOK 180 million excluding VAT.

The commission involves building a combined artificial ice rink and artificial

grass pitch reserved for children and youth sports which the club realizes in

collaboration with the Eckbo Legacy.The project named Eckbobanen also includes

workout facilities, changing rooms, garage for the ice resurfacing machine,

offices, kiosk, new audio and lighting system and upgrades of the outdoor area.

Finally, Veidekke will build a grocery store (Meny) approximately 2,000 m[2] in

size with covered parking.

"We're really appreciate the commission and are looking forward to starting a

great project in cooperation with Ready IF and tenant NorgesGruppen. Here we

have arrived at an excellent and sustainable solution together, where the need

for a local grocery store is combined with a significant upgrade of the sports

facility for the benefit of thousands of children and young people for many

years into the future," says General Manager Bjørn Ove Liavaag of Seby AS.

Preliminary work has already started and completion of the entire project is

scheduled for October 2024.

For further information, please contact:

General Manager Bjørn Ove Liavaag of Seby, tel. +47 90 69 35 77, bjorn

-ove.liavaag@veidekke.no

Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,

helge.dieset@veidekke.no

Chairman of Ready IF Marius M. Gisvold, tel.+47 90 89 26 61, mgisvold@gmail.com

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Veidekke (http://www.veidekke.com) is one of Scandinavia's largest contractors.

In addition to undertaking all types of building and civil engineering

assignments, the group also maintains roads and produces asphalt and aggregates.

Veidekke emphasises stakeholder involvement and local experience. Annual

turnover is approx. NOK 39 billion, and almost half of its 8,000 employees own

shares in the company. Veidekke is listed on the Oslo Stock Exchange and has

posted a profit every year since its inception in 1936.