Veidekke ASA : Veidekke ASA: Veidekke to build eco-flats in Stockholm

    Veidekke ASA : Veidekke ASA: Veidekke to build eco-flats in Stockholm

Veidekke Entreprenad has been commissioned by Veidekke Bostad to build 110
flats in Stureby south of Stockholm. Both the production process and the flats
will be environmentally certified with the Nordic ecolabel. The value of the
contract is SEK 170 million excluding VAT.

Interest in the flats has been high among younger and older home buyers, as
well as families and singles. 65 flats have been sold, and sales are
increasing in the project located in idyllic Stureby three kilometres south of

Both the building process and the flats are certified according to Nordic
ecolabel requirements in terms of the environment, energy and climate. This
includes energy-saving measures, district heating, sound insulation and
customized ventilation and materials to prevent allergies. Veidekke in Sweden
also developed the first residential block in the Nordic region that was
awarded the Nordic ecolabel in 2011.

Veidekke will build a total of eight four-story buildings with flats ranging
from one to five rooms, all with either a large balcony or private patio.
Construction will start in early May, and the first residents will move in in
the autumn of 2014.


For more information please contact:
Lars Mällberg, head of department Veidekke Bygg Stockholm, tel. +46 70260 01
Ulrika Sohlenius, project developer Veidekke Bostad, tel. +46 70 381 42 54,
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.


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information contained therein.

Source: Veidekke ASA via Thomson Reuters ONE
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