Veidekke

Board/Management Information • Jul 3, 2020

Veidekke ASA: Veidekke appoints new CFO

Veidekke ASA: Veidekke appoints new CFO

Jørgen Wiese Porsmyr will take up the role as CFO in Veidekke ASA from August

15, 2020. Mr. Porsmyr comes from the position as Executive Vice President with

responsibility for the property development business and Veidekke's Danish

subsidiary Hoffmann. Prior to this role he had the position as CFO of Veidekke

ASA. Mr. Porsmyr has an MBA from the Norwegian School of Business and Economics

(NHH) in Bergen, Norway.

Veidekke's current CFO, Terje Larsen, will from August 15, 2020 start a new role

within the Veidekke Group, responsible for Risk Management for the Group, among

other things. Mr. Larsen will continue to be part of Veidekke's Executive

Committee.

For more information, please contact:

Jimmy Bengtsson, Group CEO Veidekke ASA, +47 984 70 000,

jimmy.bengtsson@veidekke.no

Jørgen Wiese Porsmyr, EVP Veidekke ASA, +47 907 59 058, jorgen.wiese

-porsmyr@veidekke.no

Lars Erik Lund, EVP Veidekke ASA, +47 413 31 369, lars.lund@veidekke.no

Veidekke's press photos  (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-Veidekke/)

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This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

Veidekke is one of Scandinavia's largest contractors and property developers.

The company performs all types of building and construction tasks, develops

housing projects, maintains roads and produces asphalt, crushed stone and

gravel. Involvement and local knowledge characterise the business. Turnover is

approximately NOK 39 billion, and half of the 8,600 employees own shares in the

company. Veidekke is listed on the Oslo Stock Exchange and has made a profit

every year since its inception in 1936.