Veidekke

Earnings Release • Feb 3, 2021

Veidekke ASA: To build new residential area in Hagastaden, Stockholm

Veidekke ASA: To build new residential area in Hagastaden, Stockholm

Veidekke has received new assignments from Nordr Eiendom in the construction of

the Haga Boulevard and Haga Venue residential area in Hagastaden, Stockholm. The

design and build contract has a total value of approx. SEK 382million.

The new area will comprise a total of 243 apartments, and the first buyers are

scheduled to move into their new homes in 2023 and 2024.

The new residential area developed by Nordr (formerly Veidekke Eiendom) in

Hagastaden, Stockholm comprises two tenant associations. Construction of Brf

Haga Boulevard started earlier in the autumn of 2020. As a result of good sales

in this project, construction is now starting for the second association, Brf

Haga Venue.

"We appreciate Nordr's continued confidence and the opportunity to collaborate

on building another section of the modern and dynamic area that Hagastaden is

becoming. I am certain that our long experience from the area and our

relationships with the city and ongoing projects nearby, will contribute to a

successful project for all involved," says Jörgen Stattin, project director at

Veidekke Bygg Stockholm.

With previous assignments, including a previously built garage, Veidekke's

contracts for Nordr in Hagastaden amount to approx. SEK 540 million.

The SEK 382 million design and build contract is included in the Q4 2020 order

book.

For more information, contact:

Mats Nyström, CEO Veidekke Sweden, ph. +46 705 37 12 60

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

-Pressebilder-Veidekke/)

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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking

all types of building and civil engineering assignments, the group also

maintains roads and produces asphalt and aggregates. Veidekke emphasises

stakeholder involvement and local experience. Its annual turnover is

approximately NOK 37 billion, and half of its 8,200 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.