Veidekke

Remuneration Information • May 16, 2019

Veidekke ASA: Share Option Programme for senior executives

Veidekke ASA: Share Option Programme for senior executives

The Board of Directors of Veidekke ASA ("Company") has approved a long-term

share option programme (LTIP) aimed to align the interests of the participating

employees with those of the Company's shareholders.

The programme is discretionary, and the intention is that the participants are

invited on an annual basis. The total number of options awarded is 1,125,000

where each option will give the holder the right to acquire one Veidekke share.

A total of 1,125 Veidekke employees have been invited to participate in the

programme.

To participate the participants must pay 1 NOK per option.

The strike price of the options is calculated based on the volume weighted

average share price five trading days prior to grant date. The strike price for

the options awarded on 16 May 2019 is NOK 86.05.

The options will vest over one (25% of the options), two (25% of the options)

and three (50% of the options) years from grant. All unexercised options will

lapse four years after grant.

The options are non-tradable and conditional upon the option holder being

employed by the Company and not having resigned prior to the vesting date.

Exercise periods will be set by the Company.

Shares acquired through the programme will have a sales restriction on one year

after exercise.

The following primary insiders of the Company have been awarded options under

the LTIP 2019:

Group CEO Arne Giske

Options awarded: 1,000

Shares held: 153,215

Executive Vice President, CFO Terje Larsen

Options awarded: 1,000

Shares held: 110,575

Executive Vice President Jimmy Bengtson

Options awarded: 1,000

Shares held: 49,240

Executive Vice President Catharina Bjerke

Options awarded: 1,000

Shares held: 5,585

Director Kristoffer Eide Hoen

Options awarded: 1,000

Shares held: 12,285

Executive Vice President Øivind Larsen

Options awarded: 1,000

Shares held: 7,100

Executive Vice President Lars Erik Lund

Options awarded: 1,000

Shares held: 14,310

Executive Vice President Jørgen Wiese Porsmyr

Options awarded: 1,000

Shares held: 109,310

Senior Vice President Controlling & Accounting Siv Hege Solheim

Options awarded: 1,000

Shares held: 8,115

Executive Vice President Hans Olav Sørlie

Options awarded: 1,000

Shares held: 70,090

Acting Executive Vice President Anne Thorbjørnsen

Options awarded: 1,000

Shares held: 28,855

Business developer Martin Gadd

Options awarded: 1,000

Shares held: 8,980

Employee elected board member Arve Fludal

Options awarded: 1,000

Shares held: 8,040

For further information, please contact: Jørgen G. Michelet, Head of Investor

Relations, +47 917 43 856, jorgen.michelet@veidekke.no

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 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 involvement and

local knowledge. Its annual turnover is NOK 36 billion, and half of its 8,600

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.