Veidekke to extend Vestkanten centre in Bergen

Vestkanten AS, in which Olav Thon Eiendomsselskap ASA is majority owner, has awarded Veidekke Entreprenør AS the contract to extend Vestkanten shopping centre in Bergen. This will be a turnkey contract with a value of NOK 194 million excluding VAT.

The shopping centre will be extended southwards, with two new levels for shopping as well as car parking in the basement, at street level and on the roof. A new entrance road for customers and deliveries will be established at the rear of the property and several new technical rooms will be built. At the front of the centre, a new glass building will be erected, containing new access for the public by lifts and escalators. There will also be a new shopping area at street level.

Vestkanten is about 8 minutes from Bergen city centre, strategically located at the hub between Askøy and Fjell (Sotra), and is one of the largest shopping centres in the Bergen area.

Building work has already started and the new areas will be ready for use in November 2012, in time for Christmas shopping.

For more information please contact:
District Manager Veidekke Bergen, Lars Rune Folkedal, tel. +47 91 34 69 78, lars-rune.folkedal@veidekke.no 
Veidekke project manager Geir Morten, tel. +47 92 60 38 71, geir.morten.nordvik@veidekke.no
Veidekke communications manager, tel. +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 16.3 billion (2010). 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 and safety and the environment are as important to us as our financial goals. Veidekke is characterised by a decentralised organisational model with a strong company culture and a high degree of employee involvement. Over half the employees are co-owners, holding almost 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.