Veidekke

Earnings Release • Jul 3, 2023

Veidekke: New housing commission in Egersund

Veidekke: New housing commission in Egersund

Veidekke has been commissioned by Feyer Eiendom AS to construct the Feyer Brygge

housing project in the inner harbour of Egersund. The project consists of 37

apartments spread over three apartment buildings, as well as quay / promenade,

underground parking, shopping and office space. The contract is a design and

build contract valued at NOK 290 million excluding VAT.

"We are very happy to have won the competition for this commission and to have

gained renewed trust from a good customer in Egersund. This is a very fine

project of high quality and many exciting challenges, including establishing new

land in the sea. We have long and extensive experience with this type of project

and look forward to starting. It is both gratifying and understandable to see

the interest this project is generating and that apartment sales have gone so

well in a rather demanding market," says district manager Bendik Aarstad of

Veidekke Bygg Rogaland.

The three apartment buildings will be of five, six and seven floors and the

apartments vary in size from 65 to 205 m[2]. There will be parking downstairs,

shops on the ground floor and offices on two of the floors in block A. Almost

the entire plot currently consists of the sea, so new land will be established

with a promenade on the seaside, boat piers and beautiful outdoor areas. The

centre of Egersund is just a short walk away, with restaurants, shops and

cultural life.

"We are delighted to sign yet another contract with Veidekke Rogaland as we

embark on a major new construction project in Egersund. This is a project that

will mean a lot to the town and we have put a lot of effort into creating a

project we can be proud of and which is not only attractive to home buyers, but

also to all the residents of Egersund," says general manager Evy Skåra Myklebust

of Feyer Eiendom.

Design work is due to start right after the summer holidays and construction is

scheduled to start in November when the spawning season for salmon is finished

and work can start in the sea. The homes will be ready for occupancy by the

second quarter of 2026.

This commission is included in Veidekke's order book for Q2. Read more about the

project here (https://feyerbrygge.no/).

For further information, please contact:

Bendik Aarstad, District Manager Veidekke Bygg Rogaland, tel 911 93 701,

bendik.aarstad@veidekke.no (are.westbye@veidekke.no)

Helge Dieset, Communications Manager Veidekke, tel 90 55 33 22,

helge.dieset@veidekke.no

Evy Skåra Myklebust, Gneral Manager Feyer Eiendom, tel. 986 97 250, evy@e-i-s.no

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Veidekke is one of Scandinavia's biggest 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. Annual turnover is approx. NOK 39

billion, and almost half of its 8,000 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.