Veidekke

Capital/Financing Update • Nov 13, 2020

Veidekke ASA: To build cultural centre in Steinkjer

Veidekke ASA: To build cultural centre in Steinkjer

Today Veidekke has signed a contract with Steinkjer kulturbygg AS to build the

new cultural centre in Steinkjer in northern Trøndelag. Among other things, the

building will accommodate a library, cineplex, large hall with almost 600 seats

and several smaller halls. This will be a turnkey contract worth almost NOK 270

million, excluding VAT.

The new cultural centre will be located next to Steinkjerelva in the centre of

Steinkjer and will comprise 9,000 m[2], including an existing building of 1,300

m[2] in Strandvegen 4 that will be renovated. The state of the art cineplex will

have four cinemas from 40 to 210 seats, and the large hall of 870 m[2] will be

possible to use for several different activities. There will also be several

smaller rooms for concerts and shows, in addition to an art gallery, restaurant

and museum.

"We are very proud of being handed the contract to build the new cultural

centre. This will be an important building that will mean a lot to a large

number of people in Steinkjer, and we appreciate the confidence shown in us.

Construction work will be carried out by Veidekke and our subsidiary Grande

Entreprenør, along with other local partners," says district manager Ståle

Brovold of Veidekke Bygg Trøndelag.

"Building the new cultural centre in Steinkjer has been planned for a long time,

and it is an important project for us as the client, for all future users and

for the town of Steinkjer. We are therefore looking forward to entering the next

stage of the project, and to good collaboration with Veidekke and their

partners," says Ingunn Ramdal, project manager for Steinkjerbygg AS.

Now an interaction phase will start almost immediately, while construction work

is scheduled to start after Easter with completion in the summer of 2023.

See more about the project here: www.steinkjerbygg.no/prosjekter/kulturhuset/

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

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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.