Veidekke

Earnings Release • Sep 21, 2022

Veidekke: New housing contract in Stjørdal

Veidekke: New housing contract in Stjørdal

Veidekke has been commissioned by Signaturhagen Bolig AS and Boligbyggelaget

TOBB to build a housing project with 72 apartments in the centre of Stjørdal.

The contract is a design and build contract valued at NOK 245 million excluding

VAT.

The project consists of three buildings of five floors and the 72 apartments

vary in size from 42 - 109 m[2]. There will be commercial premises on the ground

floor of one building, and there will be shared car and bicycle parking

downstairs. The apartment complex will have unique common areas including a warm

tropical garden with summer all year, a shared lounge, a fitness room with sauna

and a separate guest apartment.

"We thank Signaturhagen Bolig and TOBB for the assignment, and now we look

forward to getting started on the construction work. The project will be carried

out by Veidekke and our subsidiary Grande Entreprenør, along with other local

partners," says Torgeir Wiig, Regional Director of Veidekke Bygg Trøndelag.

Demolition work on the site is underway and construction work is scheduled to

start in October with occupancy in the summer of 2024.

More information about the project at https://tobb.no/nye-boliger/signaturhagen

-stjordal

For further information, please contact:

Regional Director Torgeir Wiig of Veidekke Bygg Trøndelag, tel. +47 95 02 07 30,

torgeir.wiig@veidekke.no

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

helge.dieset@veidekke.no

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Veidekke 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 38

billion, and around half of its 7,800 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.