Veidekke ASA: PPP schools for NOK 950 million to Veidekke

          Veidekke ASA: PPP schools for NOK 950 million to Veidekke

Veidekke has won the PPP competitionsto build and operateRykkinn primary
school and Jessheim upper secondary school. The combined project cost is NOK
950 million excluding VAT. "I am proud that Veidekke has won these two very
demanding projects. These are two strategically important projects to us, as
we view PPP as a market that will grow in the future," says CEO and President
Arne Giske of Veidekke.

Both schools will be future-oriented school facilities and have lofty
environmental ambitions in terms of both material use and energy use (passive
house standard). Additionally, focus is on good areas for learning and a good
indoor environment. The schools will be built as PPP projects (Public Private
Partnership), and when completed, Veidekke will be responsible for leasing,
operation and maintenance for 25 years. "PPP projects are both challenging and
exciting. They require good planning, but in return they provide predictable
operation for the owner and good solutions for pupils and teachers who will be
using the school," says Birte Almeland, PPP manager for schools with Veidekke.

Rykkinn school
The project comprises a new primary school for 630 pupils from stages 1 to 7.
The school will have a small sports hall and a comprehensive outdoor area well
adapted to the existing terrain. The contract comprises demolition of the
existing school, and the design and construction of a modern and
future-oriented school. The school will be ready for the start of the school
year in 2016. The contractual party for the PPP contract is Bærum

Jessheim upper secondary school
The new upper secondary school will be established on what currently is the
parking lot of the existing school north of the centre of Jessheim. The new
school will have six branches of study for a total of 1,500 pupils and 240
staff. The school will have four storeys with a gross area of 25,374 m2. In
addition, a new pedestrian and cycle path and bus parking lot will be built,
as well as an external sports facility and a park in connection with the
school. The existing school will be demolished when the new school is
completed in the autumn of 2017. Akershus county municipality is the
contractual party for the PPP contract.

For more information please contact:
Head of department Birte Almeland, Veidekke Entreprenør AS tel. 47 95 07 70
Project manager Jessheim upper secondary school Geir Viken, tel. +47 91 83 04
Project manager Rykkinn primary school, Gisle Jacobsen, +47 90 54 99 64,
Communications Manager Helge Dieset, Veidekke ASA tel. 90 55 33 22,

Veidekke is one of Scandinavia's largest contractors and property developers.
The company undertakes all types of building and construction contracts,
maintains roads and produces asphalt, crushed stone and gravel. The company is
characterized by involvement and local knowledge. Turnover is NOK 21 billion
(2013), and half of the 6,300 employees own shares in the company. Veidekke 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.

Rykkinn primary school
Jessheim upper secondary school


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The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Veidekke ASA via Globenewswire
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