Veidekke - Share Issue/Capital Change 2014

Veidekke ASA: Mandatory notification of trade - Shares purchased by employees in 2014

6,130 employees of Veidekke have received offers to purchase between 50 and

1,700 Veidekke shares each. The employees could choose between two alternatives:

Option A with 30 % discount and cash payment and option B with 20 % discount and

partial financing.

1,947 employees made use of the offer and subscribed a total of 1.51 million

shares during the subscription period from 6 to 14 November. However, there was

an oversubscription of 31 % and a reduction was done. After the reduction, the

employees were permitted to purchase between 50 and 1,000 shares each, and a

total of 1.05 million shares were allocated to the employees.

The purchasing prices were set at NOK 45.18 (option A) and NOK 51.64 (option B)

after a 30 % and 20 % discount respectively on the market price during the

subscription period. The shares are subject to a two-year lock-in period.

For years, Veidekke has worked to promote employee co-ownership in the company.

This year interest has been considerable, and 1,947 purchasers represent 32% of

those who received the offer. Corresponding figures for 2013 and 2012 were 31%

and 31%, respectively.

The purchases of primary insiders, as well as new holdings, are attached to this

report.

Contact persons:

Finance Manager Marte Hoggen Bolsø, tel. +47 93 63 25 77,

Assistant Financial Director Christopher M. Bjerke, tel. +47 99 58 18 02,

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

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1871699]

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