Veidekke ASA: Major contract for Veidekke in Lillehammer

           Veidekke ASA: Major contract for Veidekke in Lillehammer

Today Veidekke Entreprenør has signed a contract with the Foundation for
Student Service in Oppland (SOPP) and USBL for the construction of 360 student
bedsits in four environmentally friendly buildings in the Olympic Park in
Lillehammer. This will be a turnkey contract valued at NOK 200 million,
excluding VAT.

The project is one of the interior's largest construction projects. The
student homes, which will be used as the athletes' village during the Youth
Olympics in 2016, will be just behind Stampesletta in the centre of
Lillehammer. SOPP is to build three buildings with a total of 300 bedsits,
while USBL will build one building with 60 bedsits. The combined gross area
will be 13,800 m^2.

The environment and energy have been central to the development of the
project. The buildings will be passive houses with district heating, sorting
at the source and bicycle parking for all bedsits. There will be four common
rooms, four storage rooms, two ski waxing rooms and one shared laundry in the
complex. Each bedsit will be 18 m2 in size with a living room/bedroom, hall,
bathroom and mini kitchen.

All buildings will have lifts and toilets for the disabled on each floor.
Twenty per cent of the bedsits (72) will have universal access. The buildings
are to be erected with in-situ concrete foundations, platform covers with
screeds as floor dividers, in situ concrete dividing walls, wood façade
elements and flat roofs covered by roofing felt.

The foundation work has been ongoing since the summer, and the flats will be
ready for use at the start of term in the autumn of 2015.

Illustration: Student Homes Lillehammer

For more information please contact:
District Manager Gudmund Lien Bjørnstad of Veidekke, tel. +47 91 1283 65,
Housing and property director Geir Monsen of SOPP, tel. +47 95 98 16 21,
Veidekke's Communications Manager Helge Dieset, tel. +47 90 55 33 22,

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 services. Our values are professional,
honest, enthusiastic and ground-breaking. 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 per cent of the Group's shares between them. The
company is listed on the Oslo Stock Exchange and has always posted a profit
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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information contained therein.

Source: Veidekke ASA via Thomson Reuters ONE
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