Veidekke awarded contract for rehabilitation of tenement building at Stureplan in the centre of Stockholm

SEB Trygg Liv has awarded Veidekke Entreprenad AB the contract for remodelling
and construction at Sperlingens Backe no. 30 in Stockholm. The value of the
contract is SEK 126 million.


The contract comprises the rehabilitation of offices and retail premises and the
remodelling of 13 flats to a modern standard, while retaining many of the
original details and qualities. The flats will be given a better location in the
building, and many will have a view of the Humlegården Park.

The contract also comprises extensive rehabilitation of the façades. They are to
be reverted to how they were before the building was renovated in the 1960s,
thus restoring the building's original architecture.

Work starts immediately and will continue until May 2012.


For more information please contact:

Regional Manager Mikael Lidström, Veidekke Entreprenad AB, Region Bygg
Stockholm,
tel. +46 708 735 223,mikael.lidstrom@veidekke.se

Gunnar Arwskog, Project Manager, Veidekke Entreprenad AB, Region Bygg Stockholm,
tel. +46 70 532 26 25,gunnar.arwskog@veidekke.se




Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a
turnover of NOK 16.3 billion (2010). Activities include building and
construction projects, residential developments, asphalt plants, gravel and
aggregates, road maintenance and recycling. 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 characterized by a
decentralized organizational model with a strong corporate culture and a high
degree of employee involvement. Over half the employees are co-owners, holding
almost 20% of Veidekke'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 acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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