This contract will be administered by American industrial consultancy company Fluor, which is acting as Elkem Solar AS' agent during the construction phase.

The contract covers the construction of three new factory buildings with a total floor area of 20,000 m2 and renovation of the existing buildings. The new buildings will be built of concrete with load-bearing structures of steel. Preparation of the outdoor areas is also included in the contract. The work, which will be carried out jointly by Veidekke Entreprenør AS (75 per cent) and Br. Reme AS (25 per cent), has already started.

A contract has also been signed with Elkem Solar AS for excavation and concrete work for a building administered by Hydro Production Partner. This contract has a value of approximately NOK 15 million and the work is due for completion by 31 October 2007.

For further information, please contact:

Project Manager Kristian Senland, Veidekke Entreprenør AS

tel. +47 21055000, mobile + 47 91128356

Managing Director Helge Reme, Br. Reme AS

tel. +47 38125800, mobile +47 90928875

  

VEIDEKKE ASA

  

Veidekke ASA is a leading Scandinavian building contractor and property developer with 6,350 employees and an annual turnover of NOK 16.4 billion (2006). Veidekke is listed on the Oslo Stock Exchange. It has a wide group of shareholders and 14% of the shares are held by the company's employees. The company's activities cover a large range of building and construction contracts, development of housing and commercial projects for private and public customers, asphalt operations and road maintenance, and collection and recycling of waste.

E-mail: firmapost@veidekke.no - Internet: http://www.veidekke.no

Financial information is also accessible at http://www.huginonline.com/Norway/VEI/