Veidekke — Share Issue/Capital Change 2018

Nov 26, 2018

Veidekke ASA - Shares purchased by employees in 2018

Veidekke ASA - Shares purchased by employees in 2018

8 108 employees of Veidekke have received offers to purchase between 50 and 1

500 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.

2 334 employees made use of the offer and subscribed a total of 1.48 million

shares during the subscription period from 16 to 23 November. However, there was

an oversubscription of 43 % and a reduction was done. After the reduction, the

employees were permitted to purchase between 50 and 970 shares each, and a total

of 1.04 million shares were allocated to the employees.

The purchasing prices were set at NOK 67.13 (option A) and NOK 76.71 (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 2 334 purchasers represent 29% of

those who received the offer.

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

report.

Contacts:

Executive Vice President, Communications and Public affairs, Lars Erik Lund tel.

+47 41 33 13 69, lars.lund@veidekke.no

Finance Director Jørgen Michelet, tel. +47 91 74 38 56,

jorgen.michelet@veidekke.no

Finance Consultant Camilla Nordvold, tel. +47 48 13 94 80,

camilla.nordvold@veidekke.no

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.