Veidekke

Regulatory Filings • Apr 2, 2020

Veidekke ASA: Fitting out Oslo K for OBOS

Veidekke ASA: Fitting out Oslo K for OBOS

Veidekke has today signed a contract with OBOS Eiendom to also undertake the

interior fitting work in the spectacular and environmentally certified office

building Oslo K in Kværnerbyen in central Oslo. The value of the contract is NOK

125 million excluding VAT.

Oslo K consists of three interconnected buildings with modern design, large

window surfaces and exclusive materials. The overall floor area will be 40,000

m[2] across 11 storeys above ground and two underground floors with parking for

220 cars. Oslo K will include tailored office premises for tenants with good

access to common meeting rooms, project rooms, a canteen and a larger conference

centre with plenary rooms. The building will be certified in accordance with the

BREEAM-NOR Excellent environmental standard .

"We greatly appreciate the contract and are looking forward to completing the

project along with OBOS Eiendom. In these times of the coronavirus we are lucky

to have customers and partners such as OBOS who both manage to maintain

operations and plan for the time after the coronavirus pandemic. We and the

entire building industry depend on winning new contracts too, not just keeping

up production. This is why this contract is so welcome," says Group Chief

Executive Jimmy Bengtsson of Veidekke.

"OBOS and Veidekke are doing our part to maintain as normal operations as

possible in our building projects, and are thus ensuring that people continue to

work. It was therefore completely natural for us to start up the final interior

fitting phase for the Oslo K project as planned in collaboration with Veidekke,

with whom we have developed a good and trusting partnership over many years,"

says CEO of OBOS, Daniel Kjørberg Siraj

The new contract entails that Veidekke shall complete the common areas from the

first to the third floor and carry out basic interior fitting with technical

installations in the remainder of the building. What remains is adaptation to

the tenants' needs and desires.

The old site where Kværner engaged in industrial activity is becoming a new and

vibrant city district with 1,700 homes and around 3,000 workplaces. The location

between Ekeberg and Vålerenga is very central with a short distance to Oslo

central station and Bjørvika, and with public transport, walking trails, parks

and open spaces in the immediate vicinity.

Veidekke has carried out all building and construction work on the projects

since the cornerstone was laid down in May 2017. Oslo K will be ready for

occupation in the autumn of 2021. Read more about the project

here (https://www.oboseiendom.no/prosjekter-oslo-k

-kvarnerbyen?gclid=CjwKCAjwguzzBRBiEiwAgU0FT2r8J4zaO0x

-kfJcrJaHYujv5OKQgXWyViMLsy-fPvP41bwIBbB25hoCQWkQAvD_BwE&gclsrc=aw.ds).

For more information, contact:

CEO Jimmy Bengtsson of Veidekke, tel +47 98 47 00 00,

jimmy.bengtsson@veidekke.no

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

helge.dieset@veidekke.no

CEO Daniel Kjørberg Siraj of OBOS, tel. +47 91 38 27 77, sirdan@obos.no

Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028

-Pressebilder-Veidekke/)

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 engagement and

local knowledge. Annual turnover is approximately NOK 39 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.