Veidekke

Regulatory Filings • Nov 9, 2021

Veidekke ASA: To assist City of Stockholm with transformation of Stadshagen

Veidekke ASA: To assist City of Stockholm with transformation of Stadshagen

Veidekke has signed an agreement with the City of Stockholm for the first stage

of the development and refurbishment of Stadshagen on Kungsholmen in Stockholm.

The project is an execution contract valued at approx. SEK 208 million and is

scheduled for completion in spring 2026.

Veidekke's assignment includes construction work at Mariedalsparken, including

walls, playgrounds, plantings and stormwater facilities. Where St: Göransgatan

intersects with Mariedalsvägen, a new square will be built above the underlying

subway hall.

"We appreciate having the trust of the City of Stockholm, and look forward to

contributing to the city's green future," says Anders Bergsten, construction

manager at Veidekke Anläggning Öst.

The transformation will result in a denser and better integration of Stadshagen

with the city. There will be new parks and squares, new walkways going south

-west and north-east, and a footpath to Karlbergssjön. Existing park and nature

areas will be upgraded, and new parks and squares will be constructed. Parks,

playgrounds and walking paths as well as the Stadshagsklippan nature area will

be connected in a continuous green loop.

For more about the development, see this City of Stockholm

website (https://vaxer.stockholm/stadshagen-utvecklas).

The contract is included in the order book for the current quarter.

For more information, contact:

Marcus C Nilsson, EVP Veidekke Infrastructure Sweden, . +46 76 840 05 56

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

-Pressebilder-Veidekke/)

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

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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking

all types of building and civil engineering assignments, the group also

maintains roads and produces asphalt and aggregates. Veidekke emphasises

stakeholder involvement and local experience. Its annual turnover is

approximately NOK 38 billion, and half of its 8,100 employees own shares in the

company. Veidekke is listed on the Oslo Stock Exchange, and has posted a profit

every year since its inception in 1936.