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Veidekke

Earnings Release Jan 11, 2023

3781_rns_2023-01-11_2152fcfb-8a8f-43e0-aa90-854e35dce595.html

Earnings Release

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Veidekke: Rehabilitation contract for Statnett in Sunndal

Veidekke: Rehabilitation contract for Statnett in Sunndal

Veidekke has signed a contract with Statnett SF for the rehabilitation of their

administration building at Sunndalsøra in Sunndal municipality. The commission

is a design and build contract and the contract sum is just above NOK 125

million excluding VAT.

Statnett and Veidekke have completed an interaction phase to develop the project

that now has been forwarded to execution. The administration building at

Sunndalsøra is around 3,300 m[2] in size and has been developed in five

construction stages in the period from 1978 to 2008. Both building and technical

standards are from the relevant years of construction, with some minor upgrades

along the way.

The building's technical standard fails to meet current regulatory requirements,

including requirements to energy efficiency, air quality, universal design and

external security measures. Furthermore, space efficiency and flexibility in the

building is considered to be low as a result of the building's staggered

construction stages and extensive use of cubicles. Surfaces, windows and roofing

are characterised by wear and have significantly exceeded their life expectancy.

The buildings will be redeveloped such that they meet Statnett's future needs,

and will be completely renovated to meet current requirements and standards (TEK

17).

Construction starts in February and is scheduled for completion in mid-2024. The

commission is included in Veidekke's order book for the fourth quarter of 2022.

For further information, please contact:

District Manager Stig Mork of Veidekke Bygg Møre og Romsdal, tel. +47 90 54 26

26, [email protected]

Head of Department Paul Hjelset of Veidekke Bygg Nordmøre og Romsdal, tel. +47

91 54 60 19, [email protected]

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

[email protected]

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

-Pressebilder-Veidekke/)

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

Veidekke is one of Scandinavia's largest construction companies. 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 approximately NOK 38

billion, and 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.

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