Veidekke ASA: To build homes for Selvaag in Lørenskog

Veidekke Entreprenør has been handed the contract to build the Søster Mathildes gate 27/29 project in Lørenskog. The contract involves building 66 flats in two buildings. Selvaag Bolig ASA is principal, and the buildings will be built under a turnkey contract. The value of the contract is NOK 101 million excluding VAT.

The project is a part of Vestparken, which is a major development with lawns, plants, paths, playgrounds and parks. It is located close to Lørenskog Storsenter at the centre of Lørenskog municipality, 15 minutes from the centre of Oslo and less than 10 minutes from Lillestrøm.

"The 66 flats are in two buildings from five to six storeys over a joint parking facility with lifts directly to the flats. Flats vary in size from 1 bedroom flats with a 45 sqm gross area to spacious 3 bedroom flats with a 129 sqm gross area. The sale of the flats is well under way, and building is expected to start in Q1 2015," says head of department Odd Arne Lian of Veidekke.

The buildings will have pile foundations directly on bedrock. They will be built in prefabricated concrete and steel with façades of brick, wood, sheets and glass/windows.

For press photos, see www.flickr.com/photos/veidekke, for more information, contact:

Project Manager Jens Petter Hansen, Veidekke Entreprenør AS, tel. 970 44 208, jens-petter.hansen@veidekke.no

Project Manager Even Bakke, Selvaag Bolig ASA, tel. 02224, teb@selvaagbolig.no

Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33 22, helge.dieset@veidekke.no

Veidekke is one of Scandinavia's largest contractors and property developers. The company undertakes all types of building and construction contracts, maintains roads and produces asphalt, crushed stone and gravel. The company is characterised by involvement and local knowledge. Turnover is NOK 21 billion (2013), and half of the 6,300 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.