Veidekke

Regulatory Filings • Jul 8, 2020

Veidekke ASA: Constructing Marikollen Square on behalf of Oxer Eiendom

Veidekke ASA: Constructing Marikollen Square on behalf of Oxer Eiendom

Veidekke subsidiary Seby AS has been commissioned by Oxer Eiendom AS (Fjerdingby

Sentrumsutvikling) to construct 60 apartments as well as retail premises in the

municipality of Rælingen. The Marikollen Square project has clear environmental

ambitions and will be a fossil-free construction site. The contract is a turnkey

contract valued at NOK 220 million excluding VAT.

Marikollen Square is a new development of approximately 12,300 m[2] with

underground parking facilities, retail premises and three apartment buildings.

The retail area is located on the ground floor and seven or eight independent

retail premises are planned in addition to a Rema 1000 store. Above this central

floor, three apartment buildings of three, four and five floors respectively

will be constructed with a total of 60 dwellings ranging from 50-120 m[2]. These

have been designed as a mixture of two, three and four-room apartments and the

layout has been planned to ensure the best possible sun conditions and views,

with at least one balcony or an outdoor area at courtyard level.

"We look forward to getting started on a wonderful residential and retail

project together with Oxer Eiendom. Marikollen Square will provide the

municipality of Rælingen with a new urban area situated close to the best

activities on offer in the municipality. The sustainable solutions employed at

all stages of the building project are in line with Seby and Veidekke's

environmental ambitions," says Bjørn Ove Liavaag, CEO of Seby AS.

Fantastic communal outdoor areas will be established for residents above the

retail floor. These areas will include social zones with communal recreational

areas and a play area for children. All residents of Marikollen Square will also

benefit from access to a communal ski preparation facility and bicycle workshop.

The project will be a fossil-free construction site and ground heat from energy

wells will be used as the energy source during the construction phase.

Construction is scheduled to start in August 2020 with completion planned for

May 2022. Read more about the project here: www.marikollentorg.no

The contract is included in Veidekke's order book for Q2 2020.

For more information, contact:

General manager Bjørn Ove Liavaag, tel. +47 90 69 35 77, bjorn

-ove.liavaag@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 and property development

companies. The company undertakes all types of building construction and civil

engineering contracts, develops residential projects, maintains roads, and

produces asphalt and aggregates. The company is known for its engagement and

local knowledge. Annual turnover is approximately NOK 39 billion and around half

of its 8600 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.