Veidekke — Board/Management Information 2016

Sep 5, 2016

Veidekke ASA: Expands its corporate management team

Veidekke ASA: Expands its corporate management team

Veidekke has appointed Lars Erik Lund (47) as a new member of the company's

corporate management team. Lund has been appointed as the Executive Vice

President responsible for Communication and Public Affairs, and he will also

have overall responsibility for the group's compliance work.

Lars Erik Lund has more than 20 years of experience with communication work in

various organisations. For the past 15 years, he has worked as an adviser to the

management of a number of listed companies. He was involved in the establishment

of Crux Kommunikasjon - a leading consulting environment for corporate

communication and investor relations - and he has also been an adviser to

Veidekke. For the last two years, Lund has been employed as a special adviser to

the corporate management team of Statoil in the field of financial

communication.

"Revenues of close to NOK 30 billion and more than 7,000 employees in three

countries requires increasingly more in the field of communication of public

affairs. It is in light of this that the company is strengthening its corporate

management team in this strategically important field," says Arne Giske,

President and CEO of Veidekke ASA.

Lund has an advanced business administration degree from the Norwegian School of

Economics (NHH) in Bergen. He will start in his new position at Veidekke on 1

October.

After this, the corporate management team will consist of Dag Andresen

(Construction Norway), Jørgen Wiese Porsmyr (Industrial, Property Norway and

Construction Denmark), Jimmy Bengtsson (Construction Sweden and Property

Sweden), Hege Schøyen Dillner (HR, HSE, Environment and Legal), Terje Larsen

(CFO, Strategy and Procurement), Lars Erik Lund (Communication and Public

Affairs) and Arne Giske (President and CEO).

For more information, contact:

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

arne.giske@veidekke.no

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

companies. The company undertakes all types of building and construction

contracts, maintains roads and produces asphalt and aggregates. The company's

operations are characterised by involvement and local knowledge. Revenue is NOK

24.5 billion (2015), and half of the 7,000 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.