AF Gruppen

Regulatory Filings • May 5, 2023

Entered into extensive piping contract for the Life Sciences building

Entered into extensive piping contract for the Life Sciences building

AF Gruppen has signed a contract with Statsbygg to provide piping and plumbing works for the Life Sciences building. The contract was signed after 4.5 years of interaction and is valued based on a target price of NOK 680 million, excluding VAT. The original award of the turnkey contract with interaction was announced to the stock exchange on 20 December 2018.

Contract K301 Plumbing Works is a turnkey contract that covers sanitation, heating, fire extinguishing, gas and compressed air, process and comfort cooling. The contract is the largest so far for AF Gruppen’s energy business.

The new Life Sciences Building is Statsbygg’s biggest current construction project and is due for completion in 2026. The 97,500 square metre building will house 1,500 students and 1,000 employees at the University of Oslo, 650 employees at Oslo University Hospital, as well as businesses and other partners.

“The parties have carried out a thorough interaction phase since 2019, where we together have identified cost-effective and eco-friendly solutions. The building will tie the different sciences closer together, and this means that the delivery has high demands to environmental and climate qualities. We’re looking forward to contributing to create a common arena for leading university and hospital communities within life sciences in Norway,” says Amund Tøftum, CEO of AF Gruppen.

For further details, please contact:

CEO of AF Gruppen ASA: Amund Tøftum, tel. +47 920 26 712

EVP Energy and Environment, AF Gruppen: Eirik Wraal, Tel. +47 905 73 975