Veidekke — Board/Management Information 2015

Oct 26, 2015

Veidekke ASA: Jimmy Bengtsson new head of Veidekke in Sweden

Veidekke ASA: Jimmy Bengtsson new head of Veidekke in Sweden

Jimmy Bengtsson (49) has been appointed new Executive Vice President and

Managing Director of Veidekke's combined operations in Sweden. Bengtsson comes

from the position of CEO of Veidekke's subsidiary Arcona AB in Stockholm, and

will replace Per-Ingemar Persson from the new year, who in turn will take up an

advisory function for Veidekke's CEO and President.

Jimmy Bengtsson currently heads contractor Arcona AB in Stockholm, which was

acquired by Veidekke in 2013. "I am very pleased that we have upheld Veidekke's

tradition of finding an internal candidate for one of our executive positions.

Jimmy has extensive and sound experience from the contracting sector in Sweden,

most recently as a part of Veidekke where he has made a strong contribution to

our growth in the Stockholm area. He is a warm and engaged individual who is

committed Veidekke's values, involvement as a work method and our emphasis on

HSE work," says CEO and President Arne Giske.

Bengtsson is a graduate engineer from the Royal Institute of Technology in

Stockholm, and spent 16 years with Skanska. He has held the position of Managing

Director of Arcona since 2007. "I am both proud and pleased with being handed

the confidence to head Veidekke's operations in Sweden. We already are in a very

good position in the industry, and I look forward to developing Veidekke's

strength through involving partnerships with colleagues, partners and customers

here in Sweden," Bengtsson says.

In January Per-Ingemar Persson is stepping down after 10 years as Executive Vice

President and Managing Director of Veidekke's Swedish operations. "During Per-

Ingemar's tenure revenue has grown from one to eight billion Swedish kroner, and

we have a strong position in building, construction and residential development.

Per-Ingemar has been a forceful leader and has played a pivotal role in the

development of a strong Veidekke in Sweden," Arne Giske says. The departing head

of Sweden confirms that times have been exciting. "I am proud to have been a

part of Veidekke over these years and of what we have achieved, and I am certain

that Jimmy Bengtsson is the best choice to steer the course going forward in

Sweden," Persson concludes.

For press photos, see www.flickr.com/photos/veidekke, for more information,

contact:

President and CEO Arne Giske, tel. +47 21 05 50 00 / +47 90 58 95 26,

arne.giske@veidekke.no

New Executive Vice President Jimmy Bengtsson, tel. +46 8 601 21 14,

jimmy.bengtsson@arcona.se

Communications Director Grete Nykkelmo, tel. +47 913 11 000,

grete.nykkelmo@veidekke.no

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Veidekke is one of Scandinavia's largest construction and property development

companies. The company undertakes all types of construction and civil

engineering contracts, maintains roads, and produces asphalt and aggregates. The

company is characterised by involvement and local knowledge. Revenue is NOK 24

billion (2014), and half of the 6,400 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.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1961184]