Veidekke

Regulatory Filings • Nov 5, 2018

Veidekke ASA: BRA Bygg AB to build the Geely Innovation Centre

Veidekke ASA: BRA Bygg AB to build the Geely Innovation Centre

BRA Bygg AB is to build the Geely Innovation Center at Lindholmen in Gothenburg,

with completion in 2022. The Geely agreement is a design and build contract,

valued at more than SEK 2 billion excl. VAT.

"Over more than five years, BRA Bygg and Geely have collaborated on developing

plans for the Geely Innovation Center. Now we are looking forward to building a

new and vibrant hub and powerhouse for Swedish innovation at Lindholmen in

Gothenburg, in close collaboration with the customer," said Anders Billström,

Deputy Managing Director and Project Manager for Geely Innovation Center at BRA

Bygg AB.

The Geely Innovation Centre builds on a vision to promote innovation through

openness, cooperation and sharing of knowledge and experiences. The former

shipyard site at Lindholmen will hold an open campus of multifunctional

buildings with a total building area of more than 100,000 square meters. When

completed in 2022, the new innovation center will comprise i.a. offices, a car

design center and showroom, and a hotel, and is expected to house approx. four

thousand employees.

"The large scope of this contract is proof of the power of Veidekke's strategic

focus on commercial buildings and on the Gothenburg region, and it further

confirms that the acquisition of Billström Riemer Andersson was the right

decision," said Jimmy Bengtsson, head of Veidekke's Swedish construction

operations.

The Geely agreement is a design and build contract valued at more than SEK 2

billion excl. VAT, and the project is planned for completion in 2022. The

contract sum will be included in Veidekke's fourth quarter 2018 order book .

BRA Bygg AB is part of Billström Riemer Andersson (BRA), which is located in

Gothenburg and has a strong presence in the West-Sweden buiding construction

market. Billström Riemer Andersson was acquired by the Veidekke Group in 2018.

Geely, a privately-owned Chinese company, is the main shareholder of i.a. Volvo

Cars.

For more information, contact:

Anders Billström, BRA Bygg AB, email anders.billstrom@brabygg.se, phone +46 31

89 44 01

Anders Arfvén, Veidekke Entreprenad AB, email anders.arfven@veidekke.se, phone

+46 733 55 99 32

Investor relations: Jørgen Michelet, Veidekke ASA, email

jorgen.michelet@veidekke.no, phone +47 917 43 856

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

companies. The company undertakes all types of building construction and civil

engineering contracts, develops residential projects, maintains roads, and

produces asphalt and aggregates. The company is known for its involvement and

local knowledge. Its annual turnover is NOK 32 billion, and half of its 8,000

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.