Veidekke ASA : Veidekke to build office building in Randaberg

Veidekke's subsidiary, Block Berge Bygg AS, has been awarded a contract to build a new office building in Randaberg for Randaberg Group AS. This will be a turnkey contract valued at NOK 110 million, excluding VAT.

The new office building will house employees of the Randaberg Group and will be located at Harestad in Randaberg municipality in Jæren. The building will have a total area of around 9,300 m² over four storeys of offices and a three-level underground parking facility. The architect is Plank Arkitekter AS in Sandnes.

The project has been developed in cooperation between the client, architect and contractor and will be built with load-bearing concrete element façades in mini coated grey concrete. The solution is a good basis for constructing an energy-efficient building with energy class B with the option of going to energy class A.

"We are continuously striving to develop our expertise in building energy and environmentally sound buildings based on our industrial premise. Success in winning this contract is very pleasing, and the project will make a positive contribution toward our continued development," says managing director Yngvar Karlsen of Veidekke's wholly-owned subsidiary Block Berge Bygg AS.

Construction started a short time ago, and the building will be ready for takeover in December 2014.

For more information please contact:

Managing Director Yngvar Karlsen, Block Berge Bygg AS, tel. +47 51 78 99 00, yk@blockberge.no

Communications Manager Helge Dieset, tel. +47 21 05 77 91 / +47 90 55 33 22, helge.dieset@veidekke.no

Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of NOK 20 billion (2012) and 6,300 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, and road services. Our values are professional, honest, enthusiastic and ground-breaking. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterised by a strong corporate culture with employee involvement and co-ownership as important cornerstones. More than half of the employees are co-owners, holding around 20 per cent of the Group's shares between them. The company is listed on the Oslo Stock Exchange and has always posted a profit  since it was founded in 1936.

Block Berge Bygg AS is one of Rogaland county's leading EPC contractors and a major supplier of precast concrete building elements. The company is wholly owned by Veidekke ASA and has 325 employees. It has its own concrete element factory in Klepp, outside Stavanger, and had a turnover of NOK 1050 million in 2012.

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