Veidekke ASA : Veidekke ASA: Veidekke to build new track and stations on the Kolsåsbanen line

 Veidekke ASA : Veidekke ASA: Veidekke to build new track and stations on the
                               Kolsåsbanen line

Veidekke Entreprenør has been commissioned by Kollektivtransportproduksjon AS
to build the final section of almost 1.4 km of the Kolsåsbanen metro line with
the stations Hauger and Kolsås in Bærum municipality. The value of the
contract is NOK 182 million excluding VAT.

Kollektivtransportproduksjon (KTP) is upgrading the Kolsåsbanen line in Bærum
to metro standard on the Jar to Kolsås stretch. This includes the extension of
platforms to 120 metres to accommodate 6 carriage train sets, building
flyovers at all crossings and installing conductor rails on the sleepers in
conformity with the remaining metro network in Oslo.

The contract Veidekke has won includes the construction of 1,360 meters of new
track, underpasses and flyovers, new stations  at Hauger and Kolsås in
conformity with metro standard, new technical buildings at the two stations
and new park and ride parking for approx. 200 vehicles at Kolsås station.

Included in the contract is also a culvert under the tracks at Toppåsveien and
Brynsveien, and a new bridge in Høgåsveien in connection with the lowering of
Hauger station. The work also includes electrical work at the stations, noise
and visibility barriers and landscaping work at the station areas.

The project will commence in May 2013 and is to be completed in August 2014.

Press photo

For more information please contact:
Project Manager Erik Hval Olsen, Veidekke Entreprenør AS, tel. +47 47 75 43
Site Manager Jan Ole Sæterdal, Veidekke Entreprenør AS, tel. +47 99 57 18 85,
Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33 22,
Project Manager Arnt Jørstad, KTP AS, tel. +47 90 17 05 32,

Veidekke is one of Scandinavia's leading contractors and property developers
with a turnover of NOK 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.


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information contained therein.

Source: Veidekke ASA via Thomson Reuters ONE
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