Helgesen Tekniske Bygg AS (HTB), a subsidiary of AF Gruppen, has signed a
contract with Høgafjellet Eigedom AS for the construction of a new warehouse and
logistics building at Espevoll in Osterøy municipality. The contract is a
turnkey contract valued at NOK 111 million excluding VAT.

The building is 10,800 square meters and will be listed with energy class A. The
building will consist of a warehouse, separate clean warehouse, loading zones
and office and social area. The user of the building will be NorEngros K J
Brusdal AS.

"We have developed the project in good cooperation with NorEngros K J Brusdal AS
and Kenneth Nielsen in Proptech Consulting AS. HTB has been the architect and
made necessary designs for optimization to the customer's use. It is now ready
for the construction of a modern warehouse and logistics building that is
prepared for the green shift, including solar cells on the roof, geothermal
heat, plenty of charging points for cars, vans and trucks. We look forward to
starting the project and thus also the development of a new business area at
Espevoll, in Osterøy municipality," says Ronny Laastad, CEO of HTB.

Construction will start in the summer of 2024 with expected completion in the
first quarter of 2025.

For further information:

Ronny Laastad, CEO of Helgesen Tekniske Bygg, tel. +47 934 63 581
Tormod Solberg, EVP Building for AF Gruppen, tel. +47 950 59 495

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