Veidekke ASA: Clarification regarding sales price

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Regarding today’s annoucement that Veidekke divests its property development operation, the company wishes to clarify that the amount of NOK 7.7 billion is the cash payment to the company on a debt-free basis. The buyer takes over the operation based on an enterprise value of NOK 8.75 billion including working capital, taxes and other debt items.

As stated in the previous stock exchange release, the transaction will generate a posted gain for Veidekke of approximately NOK 1.2 billion.

For more information, contact:

Jimmy Bengtsson, Group CEO, ph. +47 984 70 000,
Jørgen Wiese Porsmyr, EVP, +47 907 59 058,
Lars Erik Lund, EVP, ph. +47 413 31 369,

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

Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of building construction and civil engineering contracts, develops residential projects, maintains roads, and produces asphalt and aggregates. The company is known for its involvement and local knowledge. Its annual turnover is NOK 39 billion, and half of its 8,600 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.