Veidekke - Major Shareholding Notification 2014

VEI - Disclosure of significant holding and primary insider notice

Reference is made to the stock exchange notice on 2

June 2014 regarding a contemplated secondary sale of

up to up to 6,700,000 existing shares in Veidekke ASA

("VEI") by OBOS Invest AS ("OBOS").

The book-building in the secondary sale has been

successfully completed, and OBOS has today sold

6,700,000 shares in VEI, representing 5.0 percent of

the total outstanding share capital of VEI, at NOK 66

per share. Following the sale, OBOS holds 30,769,440

shares in VEI, representing 23.0% of the outstanding

share capital in VEI.

As a consequence of the transaction OBOS has passed

the threshold of 25 percent of the outstanding share

capital, cf. the Securities Trading Act section 4-3

first paragraph.

ABG Sundal Collier has acted as sole book-runner for

the secondary sale.

OBOS is currently a primary insider in VEI and is

represented on the board of directors in VEI by

Martin Mæland, CEO of OBOS.

OBOS has the ambition to continue to be a long-term

industrial and main owner of VEI for the foreseeable

future, and the sale is due to financial rebalancing

of OBOS portfolio.

Oslo, 3 June 2014

This information is subject of the disclosure

requirements acc. to §5-12 vphl (Norwegian Securities

Trading Act)

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