Veidekke

Earnings Release • Dec 13, 2021

Veidekke ASA: Building homes for Ferd at Ensjø

Veidekke ASA: Building homes for Ferd at Ensjø

Ferd Eiendom has entered into a design and construct contract with Veidekke for

the construction of the Humlehagen ('bumble bee garden') housing project at

Ensjø in Oslo. The project will be environmentally certified and provide good

living quality for both humans and bumble bees. The value of the contract is NOK

393 million excluding VAT.

"We are proud and happy that we are now in the process of building. This is also

the start of the last project that remains for us at Ensjø," says Anders

Holmlund, Director of Residential Development at Ferd Eiendom.

Humlehagen is located in Gladengveien in Ensjø, immediately adjacent to

Tiedemannsbyen where Ferd Eiendom, in cooperation with partners, has developed

1,200 homes. Social meeting places are a key part of the project, and the

courtyard will be developed with greenhouses, pergola and its own bicycle

shelter with bicycle washing and the possibility of simple servicing jobs. The

project consists of 133 apartments and nine townhouses, and more than 50% have

already been sold.

"Veidekke has ambitious climate goals, so it is very appropriate that we are

working with Ferd Eiendom, which we find to be well ahead on sustainability and

environmentally friendly choices. We have worked closely together from the start

on how we can reduce the greenhouse gas footprint, and we hope that this is the

start of a good, long and sustainable partnership," says Kaare Gilhus,

Department Manager at Veidekke Bygg Oslo.

"Ferd Eiendom takes both quality of living and sustainability seriously.

Biodiversity is important, and here in Humlehagen we have focused especially on

the bumble bees. We will contribute what we can to facilitate bumble bee

-friendly planting, and there will be bumble bee boxes, greenhouses and plant

boxes that the residents can use for their own cultivation," concludes Holmlund.

The project shall be certified according to BREEAM-NOR and aims at certification

level "very good". Construction work has started, and the planned completion is

around end 2023/ early 2024. More about the project here: www.humlehagen.no

For more information please contact:

Kaare Gilhus, Department Manager at Veidekke, tel. +47 45 03 01 97,

kaare.gilhus@veidekke.n (kaare.gilhus@veidekke.no)

Anders Holmlund, Director of Residential Development at Ferd Eiendom, tel. +47

99 56 22 65, aho@ferd.no

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

helge.dieset@veidekke.no

Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-Veidekke/)

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Veidekke is one of Scandinavia's largest contractors. The company undertakes all

types of construction and civil engineering contracts, maintains roads, and

produces asphalt and aggregates. Veidekke emphasises stakeholder involvement and

local experience. Its annual turnover is approx. NOK 38 billion, and around half

of its 8,100 employees own shares in the company. Veidekke is listed on the Oslo

Stock Exchange, and has posted a profit every year since its inception in 1936.

Ferd is a family-owned investment company with a vision to create lasting value

and set a clear mark. The business includes active ownership and corporate

development of private and listed companies, financial investments, property

development, external management, impact investments and social

entrepreneurship. Ferd Eiendom is developing, among other things, the housing

project Tiedemannsbyen at Ensjø in Oslo and several large housing projects in

Asker, Ski and Moss.