Profier chooses Veidekke: New Building Projects for NOK 143 million

· Bekkestua, Bærum: A building of 32 flats, with a self-service shop of 1,000 m2 for Vinmonopolet (the Norwegian Public Wine and Spirits retail) on the ground floor. The contract price is NOK 62 million excluding VAT.

· Sem, Tønsberg: A building of 22 flats, two shops and a restaurant. The completion date is October 2002, and the contract price is NOK 28 million excluding VAT.

· Lyngdal, Vest-Agder: A combined project with a grocery store, offices and apartments. The contract price is NOK 18 million, VAT excluded.

· Heimdal, Trondheim: 20 flats on two floors with a grocery store, pharmacy and a petrol station on the ground floor. The contract price is NOK 35 million.

"We have new projects under development, and are counting on several new and interesting tasks in co-operation with Veidekke in the future," says Mr. Tore Vik, Project Manager of Profier AS. Profier is one of the leading players in the market for property development in Norway. The company was founded in 1994 and is today engaged in approximately 80 projects all over the country.

"This is a good example of value creating partnership in practice. We draw on the best of each other's know-how, and together we are able to find good design and construction solutions, which take into consideration the needs of both end users and the local community," says Mr. Per Johan Plünnecke, Regional Manager of Veidekke ASA.

For further information, please contact

Regional Manager Per-Johan Plünnecke, Veidekke ASA,
phone +47 33 30 79 79
Project Manager Tore Vik, Profier AS,
phone + 47 69 79 99 00

We also refer to the enclosed information about Profier AS.


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