Veidekke to build homes for Thon in Lørenskog

Veidekke Entreprenør AS has been awarded the contract to build 83 new flats close to Lørenskog Storsenter (formerly Triaden). The principal is Olav Thon Gruppen through Thongård AS. The buildings total approx. 10,500 square metres and building will be carried out as a turnkey contract. Total value of the contracts is approx. NOK 145 million excluding VAT.

The project comprises three buildings from four to eight storeys built on top of a joint parking cellar. The buildings will have pile foundations directly on bedrock. They will be built in concrete with façades of plaster, wood and glass/windows.

Work has already started and is to be completed in Q3 and Q4 2013.

For more information please contact:
Director, home sales, Ole-Christian Hallerud, Olav Thon Gruppen, tel +47 23 08 00 00, ole.hallerud@olavthon.no
Head of department Odd Arne Lian, Veidekke Entreprenør AS, tel. +47 21 05 50 00, odd-arne.lian@veidekke.no
Project manager Svein Erik Aronsen, Veidekke Entreprenør AS, tel. +47 901 39 309, svein-erik.aronsen@veidekke.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 largest contractors with 6,100 employees and a turnover of NOK 18 billion (2011). Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates and road maintenance. Our values are professional, honest, enthusiastic and pioneering. Our goals for health, safety and the environment, HSE, have equal status with our financial goals.  Veidekke is characterized by a decentralized organizational model with a strong corporate culture and a high degree of employee involvement. Over half the employees are co-owners, holding more than 20% of Veidekke's shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss since it was founded in 1936.

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