Veidekke — Environmental & Social Information 2015

Sep 23, 2015

Veidekke ASA: To build commercial building for Staples

Veidekke ASA: To build commercial building for Staples

Veidekke's subsidiary Norske Stålbygg AS has signed a contract with Anthon B

Nilsen Eiendom AS to build a combined warehouse and logistics building for

Staples at Lahaugmoen outside Oslo. The value of the contract is NOK 173 million

excluding VAT.

"We are very proud to once again be selected as partner by Anton B Nilsen

Eiendom AS. The contract is a perfect fit in our strategy of developing and

erecting non-residential buildings under turnkey contracts. We look forward to

going ahead with the job and look forward to renewed good collaboration," says

general manager Terje Kaasa Larsen of Norske Stålbygg.

The building, which will have a gross area of 26,000 m(2) overall, will be

erected at Lahaugmoen in Skedsmo municipality. The former army camp is currently

undergoing a transformation into a new, attractive and centrally located

industrial area. Staples, which is the world's largest office supply chain

store, will lease the building to supply their 22 outlets in Norway.

Norske Stålbygg will undertake the project in a joint venture with Veidekke's

building and construction operation in Oslo.

Work starts in September, and the building will be ready for use in March 2017.

For press photos see www.flickr.com/photos/veidekke, for more information,

please contact:

General manager Terje Kaasa Larsen of Norske Stålbygg AS, tel. +47 91 69 31 29,

terje.kaasa.larsen@norskestalbygg.no

Project Manager Yngve R. Ivertsen of Anton B Nilsen Eiendom AS, tel.

+47 91 59 31 98, yri@abne.no

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

helge.dieset@veidekke.no

Norske Stålbygg AS is a turnkey contractor that designs, develops and erects

various types of commercial and industrial buildings all over Norway. We are 30

enthusiastic colleagues and expect turnover of NOK 200 million in 2015. Norske

Stålbygg is a company in the Veidekke Group, and is based in Sandefjord.

Veidekke is one of Scandinavia's largest construction and property development

companies. The company undertakes all types of construction and civil

engineering contracts, maintains roads, and produces asphalt and aggregates. The

company is characterised by involvement and local knowledge. Revenue is NOK 24

billion (2014), and half of the 6,400 employees own shares in the company.

Veidekke is listed on the Oslo Stock Exchange and has always posted a profit

since it was founded in 1936.

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This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1954054]