Veidekke ASA: Summons to bondholders' meeting – proposal for early redemption of outstanding bond loans

Reference is made to the stock exchange release published 1 September 2020 regarding completion of the sale of Veidekke's property development operations in Norway and Sweden.

With the sale completed, Veidekke is now a streamlined construction company, with strong market positions in Scandinavia. The new strategic direction entails changes in the group’s financial needs.

To meet the property development operations' permanent financing requirements, the group raised two bond loans totalling NOK 1.6 billion during spring 2018. As a streamlined construction group, Veidekke’s financing requirements will fluctuate more. Veidekke therefore proposes to the bondholders that the two loans be redeemed early.

Attached is the summons of the bondholders' meeting, including further information and the background for this proposal. The bondholders' meeting will be held 16 September 2020.

For more information, contact:
Jørgen Wiese Porsmyr, EVP, ph. +47 907 59 058, jorgen-wiese.porsmyr@veidekke.no
Lars Erik Lund, EVP, ph. +47 413 31 369, lars.lund@veidekke.no

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

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Veidekke is one of Scandinavia's largest contractors. Undertaking all types of building and civil engineering contracts, the group also maintains roads, and produces asphalt and aggregates. The company emphasizes stakeholder involvement and local experience. The annual turnover is NOK 37 billion, and half of the 8,200 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange, and has posted a profit every year since its inception in 1936.