Veidekke - Earnings Release 2015 | FinancialReports.eu

Veidekke ASA: To build sewage treatment plant for Os municipality

Yesterday Veidekke Entreprenør signed a contract to carry out the ground and

blasting works for the new main sewage treatment plan in Os municipality. The

value of the contract is NOK 112 million excluding VAT.

The contract includes blasting access, a cavern and a discharge tunnel totalling

around 100,000 cubic metres of rock. Veidekke will additionally carry out ground

works such as earth moving and levelling, and establish infrastructure such as

trenches and water and drainage facilities at Ytre Moberg and in Greidalen.

"This is an important project for Veidekke. In the current tough climate it is

good to demonstrate that we once again are competitive in everything from major

complex transport projects such as the E-39 road, to more basic rock blasting

jobs such as this. Dialogue with Os municipality indicates constructive and good

cooperation, and we look forward to starting work," says project manager Jostein

Veåsen of Veidekke.

Work will commence in October and is slated for completion by February 2017.

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

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

contact:

Project manager Jostein Veåsen, tel. +47 93 00 28 47, [email protected]

Communications Manager Helge Dieset, tel. +47 90 55 33 22,

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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 almost

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#1946775]

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