Veidekke

Veidekke ASA: To build hotel in Kongsberg

Veidekke has signed a contract with PK Eiendom AS to build the Sølvknuten 1624

hotel in the centre of Kongsberg. This is a design and build construction

contract valued at NOK 160 million, excluding VAT.

The contract includes building an eleven storey hotel with 147 guest rooms, a

top storey conference room and a basement with parking and technical facilities.

The hotel will be adjacent to Sølvparken, which is a commercial and residential

project currently being developed by Veidekke.

"We're pleased that PK Eiendom selected Veidekke to build the project. It is an

interesting project with lofty architectural requirements, and it will be a

prominent building in central Kongsberg," says district manager Gro Brathovde of

Veidekke.

"We are very pleased to have reached an agreement with Veidekke for this project

and are looking forward to collaborating on building the Sølvknuten 1624 hotel,"

says director Per Mikkelsen of PK Eiendom AS.

For more information, contact:

Project Manager Nils A Mogstad of Veidekke, tel. + 47 90 69 10 63,

District manager Gro Brathovde of Veidekke, tel. +47 91 19 53 54,

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

Director Per Mikkelsen, PK Eiendom, tel. +47 90 05 12 01, per.mikkelsen@pk

-eiendom.no

Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner

-pa-meldinger/)

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. Annual turnover is approx. NOK 36 billion, and around half of

its 8600 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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