Veidekke — Earnings Release 2015

Jul 7, 2015

Veidekke ASA: Home sales of NOK 2,05 billion in the second quarter

Veidekke ASA: Home sales of NOK 2,05 billion in the second quarter

Veidekke sold a total of 554 homes during the second quarter of 2015. Sales

remain high in both Norway and Sweden.

Veidekke's housing development activity at the end of the second quarter of

2015 is high in both Norway and Sweden, with good sales and more homes being

produced. A total of 554 homes were sold at a value of NOK 2,05 billion.

The trend from the first quarter continues. Activity is high in Sweden in all

our focus areas, comprising Gothenburg, Skåne and Greater Stockholm In Norway

activity is high in the areas around Oslo. In the other regions, activity varies

from project to project.

"The great interest in our homes has given us the opportunity to expedite

several projects, and we see that the number of homes in production continues to

grow," says CEO and President Arne Giske of Veidekke. "In Sweden sales are at an

all-time high, including in projects that will start production in Q3 and Q4. We

would however have liked to have more projects ready for sale in the Oslo area

to satisfy the great demand for housing here."

The number of homes currently in production is approx 1,874, of which Veidekke's

share is 1,381. The corresponding figure for the second quarter of 2014 was

1,453, where Veidekke's share was 1,079. The overall sales ratio for projects

under construction is 79% (73%). The overall sales value in the quarter was NOK

2,05 billion, of which Veidekke's share was NOK 1,59 billion.

+------------+--------------+-----------------------------------------+

| Home sales | Q1 gross (2) | Veidekke's share of sales in Q2 net (2) |

| | | |

| | 2015 (2014) | 2015 (2014) |

+------------+--------------+-----------------------------------------+

| Norway | 212 (118) | 107 (73) |

+------------+--------------+-----------------------------------------+

| Sweden | 342 (166) | 342 (164) |

+------------+--------------+-----------------------------------------+

| Total | 554 (284) | 449 (237) |

+------------+--------------+-----------------------------------------+

1. Number of sales including jointly owned projects

2. Veidekke's share of sales

For more information, please contact:

Director of Business Development at Veidekke Eiendom, Audun Blegen, tel.

+47 959 79 664, audun.blegen@veidekke.no

SVP Finance Jørgen Michelet, tel. +47 917 43 856, jorgen.michelet@veidekke.no

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

The company undertakes all types of building and construction contracts,

maintains roads and produces asphalt, crushed stone and gravel. The company is

characterised by involvement and local knowledge. Turnover 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#1934866]