Veidekke: Offer to buy back shares in Veidekke ASA

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Veidekke ASA (the "Company") has decided to initiate a share buyback program for up to 2,500,000 shares at a fixed price of NOK 97.50 per share. The purpose of the share buyback is to use the shares in the settlement of the employee share program and to partly finance the acquisition of Constructa Entrepenør. The share buyback will be conducted as a reverse bookbuilding process in which shareholders can submit sale offers (the “Share Buyback”). The Company has engaged Skandinaviska Banken Enskilda AB (publ), Oslo branch (“SEB”) as manager for the Share Buyback.

The Share Buyback period commences Wednesday 30 November 2022 at 09:00 CEST and ends on Thursday 1 December 2022 at 16:30 CEST.

The Company reserves the right to accept sale offers received after the end of the Share Buyback period, as well as to close or extend the Share Buyback period at any time and for any reason in its sole discretion without further notice. Sale offers and the respective limits are irrevocable and cannot be withdrawn or changed once received. The minimum sale offer is set to 500 shares.

For more information or to submit sale offers, please contact SEB at phone: +47 22827286.

In the event that the total number of received sale offers exceed 2,500,000 shares, the Company will perform a pro-rata reduction of sale offers. The Company and the Manager reserves the right to terminate the offer or make any amendments with regards to the volume or other terms of the offer.

The buyback will be based on the authorization provided by the Company's Annual General Meeting on 11 May 2022.

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For Veidekke ASA
Jørgen Wiese Porsmyr, CFO, Tel: +47 907 59 058

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

The buyback and the distribution of this announcement and other information in connection therewith may be restricted by law in certain jurisdictions.

The Company and the Manager do not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

The buyback is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the "United States") or any other jurisdiction in which this would be unlawful. This includes, but is not limited to, facsimile transmission, internet delivery, e-mail, telex and telephones. Accordingly, copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States and so doing may invalidate any purported sales offer.