Veidekke

Earnings Release • Feb 7, 2023

Veidekke: Building even more homes in Lillestrøm

Veidekke: Building even more homes in Lillestrøm

Veidekke is to build 52 eco-certified apartments in Lillestrøm for OBOS Nye Hjem

and Otto Olsen Boligutvikling. This is the second construction stage in the

project called Parsellen, and the commission is a design and build contract

valued at NOK 145 million excluding VAT.

"We really appreciate the renewed confidence shown in us and the good

partnership we will be a part of going forward. The homes are a part of the

extensive Kvarteret project, the new neighbourhood in Lillestrøm that will

consist of around 1,000 new apartments when completed. Sustainability is

something we are concerned with, so we greatly appreciate that Parsellen aims

for certification as Very Good according to the BREEAM-NOR environmental

standard," says Kaare Gilhus of Veidekke Bygg Oslo.

Parsellen will have 136 housing society apartments from one to five rooms in

size. This commission is for building the second stage in the project comprising

two buildings of five and six storeys above ground with 15 and 37 apartments

respectively. From the underground parking facility there will be a lift to all

apartments, and the area will be free of cars.

"We have been very pleased with our cooperation with Veidekke to date and look

forward to continuing to develop Kvarteret together with them. We will ensure

that Kvarteret will be an eco-friendly neighbourhood where the buildings are

certified according to the BREEAM-NOR Very Good environmental documentation.

With energy label B, the apartments will be energy efficient, and there is the

opportunity for green mortgages in the bank if you buy a home here," says EVP

for residential development Ingunn A. Randa with OBOS.

Kvarteret is situated on the southern side of Lillestrøm and has been known as

an area with small industry and residential neighbourhoods for a number of

years. This will now change, and much will be completely rebuilt. Residents here

will have walking distance to almost all services such as shops, restaurants,

cultural offerings and public transport, while Oslo Central Station and

Gardermoen Airport are only 10-14 minutes away by train.

Construction work has already started, and completion is scheduled from December

2024. More about the project here. (https://nye.obos.no/ny

-bolig/boligprosjekter/viken/lillestrom/parsellen/#boligvelger)

The commission is included in Veidekke's order book for the first quarter of

For further information, please contact:

Head of Department Kaare Gilhus, tel. +47 45 03 01 97, kaare.gilhus@veidekke.no

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

helge.dieset@veidekke.no

OBOS Director of Communications Thomas Skjennald, tel. +47 92 68 61 00,

thomas.skjennald@obos.no

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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. Annual turnover is approx. NOK 38

billion, and around half of its 7,800 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.