Veidekke — Earnings Release 2017

Jul 10, 2017

Veidekke to build cable tunnel for Statnett

Veidekke to build cable tunnel for Statnett

Veidekke Entreprenør AS has signed a contract with Statnett

with an overall value of NOK 370 million excluding VAT for

tunnel, ground and concrete works, in connection with a new

cable tunnel between Smestad and Sogn in Oslo.

The contract comprises building a new 4.5 km cable tunnel between

the Smestad and Sogn transformer stations in Oslo.

"We are very pleased with the contract we have signed with

Statnett. Veidekke has extensive expertise in tunnels, and

this is a project that suits us well. We're looking forward to

getting started," says Øivind Larsen, director of civil

engineering operations with Veidekke Entreprenør.

Construction work is planned to start in the autumn of 2017.

The contract is included in Veidekke's order backlog for the

second quarter.

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

information, contact:

Director Øivind Larsen, +47 905 82 351, oivind.larsen@veidekke.no

SVP Finance Jørgen Michelet, mobile +47 917 43 856,

jorgen.michelet@veidekke.no

EVP Lars Erik Lund, mobile +47 413 31 369, lars.lund@veidekke.no

Subscribe to notices from Veidekke

http://veidekke.com/no/borsmeldinger/abonner-pa-meldinger/

Veidekke is one of Scandinavia's largest construction and

property development companies. The company undertakes all types

of building 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 30 billion and around half of its 7,400

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.