Veidekke has been commissioned by Sandefjord municipality to build an
environmentally certified activity centre with workplaces for residents with
permanent adaptation needs. This will be a design and build contract valued at
close to NOK 150 million, excluding VAT.

"We are very pleased that we have been awarded yet another commission for
Sandefjord municipality, which is one of our most important recurring customers.
The activity centre meets an important need for society, and we consider it very
meaningful to build such an important building. We are therefore particularly
pleased that we won the fierce competition for the commission where the award
criteria were 40% price and 60% quality," says district manager Lars N. Hjertås
with Veidekke Bygg Vestfold og Telemark.

The activity centre will be located at Helgerød outside Sandefjord with a gross
area of approximately 4,300 m[2] across two floors. The project also includes
rerouting of stormwater pipes and a stream opening, lime stabilisation of the
ground, landscaping and the construction of a new pedestrian and cycle path.

Sandefjord municipality has chosen to incorporate the option of emission-free
construction sites, which means that only electricity or hydrogen will be used
as an energy source at the construction site. In addition, carbon emissions from
building materials will be up to 30% lower than in a reference building and
energy class A. Waste production will be reduced to less than 25 kg per gross
square metre, while the recycling rate will be at least 95%.

"Sandefjord municipality has high environmental ambitions for the project, and
it will be environmentally certified as BREEAM-NOR level Excellent. This
coincides very well with Veidekke's strategy of being part of the climate
solution," Hjertås concludes.

Construction is scheduled to start in early February with completion in the
autumn of 2025. The commission is included in Veidekke's order book for the
fourth quarter.

For further information, please contact:
District manager Lars N. Hjertås, tel. +47 92 29 71 92, lars.hjertas@veidekke.no

Communications Manager Helge Dieset, tel. +47 90 55 33 22,
helge.dieset@veidekke.no
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Veidekke is one of Scandinavia's biggest contractors and property developers.
The company undertakes all types of building construction and civil engineering
contracts, develops residential projects, maintains roads, and produces asphalt
and aggregates. Veidekke emphasises stakeholder involvement and local
experience. Annual turnover is approximately NOK 39 billion and around half of
its 8600 employees own shares in the company. Veidekke is listed on the Oslo
Stock Exchange and has always posted a profit since it was founded in 1936.

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