Veidekke

Regulatory Filings • Jan 14, 2021

Veidekke ASA: Maintenance work for Bane NOR

Veidekke ASA: Maintenance work for Bane NOR

Veidekke has won a contract from Bane NOR to replace the contact line network in

the open air section between Lier and Brakerøya and in Lieråsen tunnel between

Drammen and Asker. The contract is an execution contract valued at NOK 143

million excluding VAT.

"We are grateful for the confidence shown in us and for yet another contract for

Bane NOR. This job suits us well as we will be able to draw on the experience

from the work on the recently concluded project for a new contact line system on

the Kongsvingerbanen railway. We are also familiar with the section as we

installed mast foundations there in 2020. Work will start as soon as this

January and completion is planned for later in the year," says manager Magnus S.

Kristensen of Veidekke Bane.

Veidekke Bane was established in 1999 and is a countrywide player in the renewal

and maintenance of railways and tramways. The 110 employees have a high level of

expertise in all technical railway disciplines and take on contracts all over

the country.

The contract is included in the order book for the fourth quarter of 2020.

For more information please contact:

Manager Veidekke Bane Magnus Sutherland Kristensen, tel. +47 92 22 90 81,

magnus.kristensen@veidekke.no

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

helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's largest construction companies. The company

undertakes all types of construction and civil engineering contracts, maintains

roads, and produces asphalt and aggregates. The company is known for its

engagement and local knowledge. Its annual turnover is approx. NOK 37 billion,

and around half of its 8,200 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.