Veidekke ASA : Veidekke ASA: Veidekke to build student homes in Oslo

     Veidekke ASA : Veidekke ASA: Veidekke to build student homes in Oslo

Today Minister of Education and Research Kristin Halvorsen broke the first
ground for the 160 student bedsits Veidekke is building for
Studentsamskipnaden (the student welfare organisation) in Oslo and Akershus
(SiO). This will be a turnkey contract valued at NOK 100 million, excluding
VAT.

The student homes will be built in the Grünerløkka district in the centre of
Oslo, and the project comprises eight floors of student bedsits, a ground
floor for commercial activities and parking in existing neighbouring
buildings. The building will be built directly on bedrock and with a structure
of poured in place concrete with brick façades.

The project has a modern expression that is well adapted to the existing brick
district from the interwar period and surrounding buildings from the late
1800s. The building will be designed with consideration towards being highly
visible in the area.

Construction work is currently starting, and the flats will be ready in the
summer of 2014.

Downloadable press photos

For more information please contact:
Head of department Odd Arne Lian with Veidekke, tel. +47 21 05 50 00 / +47 416
60 556, odd-arne.lian@veidekke.no
Communications Manager Helge Dieset of Veidekke, tel. +47 21 05 77 91 /+47 905
53322, helge.dieset@veidekke.no
Director of Communications Nina Langeland with SiO, tel. +47 22 59 69 93 / +47
926 18141, nina.langeland@sio.no

Veidekke is one of Scandinavia's leading contractors and property developers
with a turnover of 18 billion (2011) and 6,500 employees. 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
characterised by a strong corporate culture with employee involvement and
co-ownership as important cornerstones. More than half of the employees are
co-owners, holding around 20% of the Group'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.
Press photo

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Source: Veidekke ASA via Thomson Reuters ONE
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