Veidekke

Earnings Release • Dec 16, 2020

Veidekke ASA: Building the ALO environmental building in Trondheim

Veidekke ASA: Building the ALO environmental building in Trondheim

Veidekke has signed a contract with Sluppenvegen 23 (R. Kjeldsberg AS) to

construct the ALO office building at Sluppen south in Trondheim. The building

will probably be the first in Norway with BREEAM Outstanding (highest level) and

WELL Gold double certification. The contract is a design and build contract

valued at just over NOK 300 million excluding VAT.

"We are very grateful to have been awarded another assignment for Kjeldsberg.

Building with such high environmental ambitions as those in this project is

something we particularly appreciate. Together with the client, consultants and

subcontractors, we have completed a good development phase and are now looking

forward to getting started on the building work after Christmas," says district

manager, Ståle Brovold, of Veidekke Bygg Trøndelag.

The ALO office building will be environmentally certified in accordance with the

BREEAM NOR Outstanding standard and be Paris Proof, which results in a low

greenhouse gas footprint from the building. The building and its operation will

be certified in accordance with the WELL standard and achieve Gold level. The

WELL standard is an international certification scheme for healthy buildings.

ALO will have a total floor space of 15,000 m[2] spread over seven floors. The

contract also involves the demolition and clearing of existing buildings and the

construction of parking basements totalling around 2,000 m[2] and an outdoor

space that will safeguard biodiversity and urban ecology.

"We are looking forward to another project with Veidekke and their skilled

craftsmen. ALO will have distinctive architecture, but also fit in well with the

other buildings at Sluppen. The architecture will help make users of the

building proud of their workplace and want to invite customers and other

business partners to visit their 'place'. The building's atrium will help to

ensure that people working in the building have plenty of daylight and promote

productivity and a sense of well-being. ALO means fertilising, which is why we

think it is a suitable name for the building," says the managing director of R.

Kjeldsberg AS, Ole Petter Bjørseth.

The building work will start in January 2021 and the building is scheduled for

completion during the spring of 2023. You can read more about the project on:

www.kjeldsberg.no/?eiendomsutvikling=sluppenvegen-23

For more information please contact:

District Manager Ståle Brovold, tel. +47 90 77 28 19, stale.brovold@veidekke.no

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

helge.dieset@veidekke.no

Managing Director Ole Petter Bjørseth of R. Kjeldsberg AS, tel.+47 992 36 405,

ole.petter.bjorseth@kjeldsberg.no

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Veidekke is one of Scandinavia's largest construction companies. The company

undertakes all types of construction and civil engineering contracts, maintains

roads, and produces asphalt and aggregates. The company is known for its

engagement and local knowledge. Its annual turnover is approx. NOK 37 billion,

and around half of its 8,200 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.