Veidekke

Transaction in Own Shares • May 19, 2020

Exercise of employee share options in Veidekke ASA

Exercise of employee share options in Veidekke ASA

A total of 70 participants in the Company's share option programme, approved by

the Company's Annual General Meeting, have on May 18[th] 2020 exercised a total

of 16 810 options at a strike price of NOK 86.05. Following the exercise, the

employees will purchase 16 810 shares from Stiftelsen Veidekkeansattes aksjekjøp

(the Veidekke Employee Share Trust). These shares will be transferred from the

Trust end of May 2020. The Trust holds after the transaction 237 785 shares.

No options have been exercised by primary insiders.

Shares acquired through the programme have a sales restriction on one year after

exercise date.

For further information, please contact: Jørgen G. Michelet, Head of Investor

Relations, +47 917 43 856, jorgen.michelet@veidekke.no