Press Releases

Veidekke ASA (OSL:VEI) Veidekke Entreprenør AS has won a contract from Idrettsetaten, the agency in charge of sports in the City of Oslo, for all the ground and concrete work in connection with the rebuilding of Holmenkollbakken, the city's famous landmark ski jump. Value of the contract is NOK 114 million, excluding VAT.

The contract includes footings for new in-run structure, new knoll shell, foundation work for the judges' tower, royal grandstand and new spectator stands. Furthermore, the contract also includes terrain adjustments and building new approach areas for the public.

Work will commence immediately and is to be completed by 1 December 2009. The contract will provide employment for around 30 of Veidekke's own skilled workers in addition to administration and subcontractors.



For more information please contact: Project Manager Halvard Leren, Veidekke Entreprenør AS, Special Project, tel. +47 93 40 86 30, halvard.leren@veidekke.no Project Manager Terje Næss, Terramar AS, tel. +47 90 54 49 30, terje.naess@terramar.no



Veidekke ASA is a leading Scandinavian building contractor and property developer with 6,500 employees and turnover of BNOK 19.3 (2007). The group is listed on the Oslo Stock Exchange and has a dispersed ownership structure with the employees owning 16% of the stock. The business spans a wide spectrum of building and construction projects, developing housing and commercial buildings for private and public sector clients, asphalt plants and road maintenance as well as collecting and recycling waste.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Veidekke ASA

www.veidekke.no

ISIN: NO0005806802

Stock Identifier: XOSL.VEI