Veidekke — M&A Activity 2015

Jan 20, 2015

Veidekke ASA: To remodel Lillehammer upper secondary school

Veidekke ASA: To remodel Lillehammer upper secondary school

Veidekke Entreprenør has been awarded the contract from Oppland county

municipality to extend and remodel Lillehammer upper secondary school southern

section. This will be a turnkey contract valued at NOK 150 million, excluding

VAT.

Oppland county municipality is to gather teaching at the current three upper

secondary schools at two school locations. This means that there is a need to

extend and remodel Lillehammer upper secondary school southern section in order

to accommodate the Restaurant and food subjects and Service and transport

subjects which are moving from Mesna upper secondary school.

Veidekke will remodel parts of the existing school building, erect a new

building for sports and teaching, build new external parking, a new waste

facility, establish a new goods reception and carry out demolition work and

various outdoor work.

The work starts in February and will be completed for the start of term in

August 2016. The school will operate as usual through the entire building

period.

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

contact:

Project manager Stein Arne Bjørgen, tel.: +47 95 86 46 26, stein-

arne.bjorgen@veidekke.no

District manager Gudmund L Bjørnstad, tel.: +47 90 51 04 99,

gudmund.bjornstad@veidekke.no

Project manager Frode Rønning with Oppland County Municipality, tel.:

+47 99 62 75 16, frode.ronning@oppland.org

Communications Manager Helge Dieset of Veidekke ASA, tel. (+47) 905 53 322,

helge.dieset@veidekke.no

Veidekke is one of Scandinavia's largest contractors and property developers.

The company undertakes all types of building and construction contracts,

maintains roads and produces asphalt, crushed stone and gravel. The company is

characterised by involvement and local knowledge. Turnover is NOK 21 billion

(2013), and half of the 6,300 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.

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1888098]