Veidekke

Earnings Release • Sep 30, 2021

Veidekke ASA: To continue collaborative contract with HSB Göteborg

Veidekke ASA: To continue collaborative contract with HSB Göteborg

Veidekke has been contracted to build 81 residential units in the HSB brf

Ramselyckan development in Öjersjö, northeast of Gothenburg. The collaborative

design and build contract has a contract sum of SEK 222 million. After

contributing to the first phase of the collaborative project, Veidekke has now

been entrusted with completing the project.

"With very good experience from previous collaboration with Veidekke, we look

forward to continuing cooperation on the brf Ramselyckan project. We are

confident that this will enable us to supply HSB Göteborg's members and

customers with high-quality homes," says Martin Jaworski, project director at

HSB Göteborg.

"Gaining HSB Göteborg's trust to continue collaboration on the brf Ramselyckan

project makes us very proud. We plan to return their confidence by delivering

flawless homes where people will live, stay, and thrive," says Oskar Twedmark in

Veidekke Construction West Sweden.

HSB brf Ramselyckan comprises 16 four-storey houses, featuring wooden siding and

generous windows, and surrounded by large grounds. Geothermal and solar heating

will contribute to the project's energy-efficiency. Brf Ramselyckan is part of

the Gökegård development area in the heart of scenic Öjersjö. Over the next five

years, a total of around 500 homes will be built here. Plans also include a town

square with a grocery shop and restaurant.

Construction on the project will start in the fourth quarter 2021, with

occupancy planned for the second half 2023.

The contract is included in the order book for the current quarter.

For more information, contact:

Charlotta Nilsén, EVP Veidekke Construction Sweden, ph. +46 070-600 30 87

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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. Its annual turnover is

approximately NOK 38 billion, and 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.