Veidekke ASA : Veidekke ASA: Veidekke to build nursing home at Nøtterøy

   Veidekke ASA : Veidekke ASA: Veidekke to build nursing home at Nøtterøy

Veidekke Entreprenør has entered into a contract with Nøtterøy municipality to
build a new nursing home at Nøtterøy, the Bjønnes nursing home with 78 beds.
The value of the contract is NOK 165 million excluding VAT.

The new nursing home will be located next to the existing Bjønnesåsen nursing
home at Nøtterøy in Vestfold. In the planning and design of the nursing home
focus has been on the residents' special needs and visual and physical
proximity to sheltered gardens, nature and walkways. The gross area is 6,900
m^2 in three wings of three and four floors plus a basement. The façade will
be mostly in brick.

"Cooperation with Nøtterøy municipality is excellent. We are also building the
Smidsrød health centre for the municipality, and it will be completed in the
autumn. Being selected as contractor for this project too is confirmation that
we are competitive and that the municipality appreciates cooperating with us,"
says district manager Erland Johansen with Veidekke.

Architects are Tønsberg-based Kristiansen & Bernhardt arkitektur interiør AS.
Construction will commence in August, and the building will be ready for use
in January 2015.


For more information please contact:
District Manager Erland Johansen with Veidekke, tel. +47 92 49 24 87,
Project Manager Pål Rogne-Renna with Veidekke, tel. +47 915 79244,
Project Manager Erik Wefring with Nøtterøy municipality, tel. +47 91363228,
Communications Manager Helge Dieset of Veidekke ASA, tel. + 47 21 05 77 91 /
90 55 33 22,

Veidekke is one of Scandinavia's leading contractors and property developers
with a turnover of 20 billion (2012) and 6,300 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.


This announcement is distributed by Thomson Reuters on behalf of Thomson
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(i) the releases contained herein are protected by copyright and other
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information contained therein.

Source: Veidekke ASA via Thomson Reuters ONE
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