Svartdalsparken is located at Ryen in Oslo. The project consists of two buildings containing a total of 54 flats with an average floor area of 74.8 sq.m. There are 8 two-room, 22 three-room, and 23 four-room flats and one with five rooms. Garaging will be provided in a common basement.

The two blocks are separated at ground level, while the basement runs under both blocks. Each block has five floors with a recessed top floor. The basement has a total of 58 parking spaces in addition to storage rooms and technical rooms.

Construction starts at end of August/beginning of September 2007 and is scheduled for completion in February 2009.

For further information, please contact:

Project Manager Arnfinn Strålberg, Veidekke Entreprenør AS,

mobile phone + 47 918 37 688

e-mail: arnfinn.stralberg@veidekke.no

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 15 % 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.