Veidekke ASA: To build environmentally friendly commercial building for Entra in Oslo city centre

Veidekke has been commissioned by Entra to build a high-quality commercial
building with offices, retail, services and hospitality across 10 storeys at
Tullinløkka. The project has strong environmental ambitions and will achieve
environmental certification. The value of the contract is approx. NOK 625
million excluding VAT.
"We're very proud to have won the contract and being entrusted by Entra to build
U7. This will be a commercial building of the highest order in terms of
interior, exterior, flexibility and the environment. We also greatly appreciate
that Entra has an ambition for this to be a leading-edge project with regard to
universal design and accessibility," says President & CEO Arne Giske of
Veidekke.

Universitetsgaten 7 will be a new and forward-looking office and commercial
building with a floor area of just above 21,000 m2. The building complex is
organised into three parts with outward-oriented businesses at street level that
will contribute to life and activity in the area. From the third to the tenth
floor there will be offices, where the Hjort law firm will be among the tenants.
A new passage will link the building to the adjacent new Faulty of Law that
Veidekke is building for Entra.

The environment and sustainability are key to the project, which will be
certified in accordance with the BREEAM-NOR class Excellent standard, passive
house and energy class A. The building's foundation will be steel core piles on
rock and the shell will be erected from prefabricated steel and concrete. The
material choice for the facades is a combination of glass, aluminium and a
light/gilded natural stone cladding.

Construction work is planned to start at the end of January 2019, and the
project is scheduled for completion in August 2021.

For more information, contact:
Project Manager Odd Arne Lian, tel. +47 41 66 05 56, odd-arne.lian@veidekke.no
Project Manager Rune Fossland, tel. +47 90 16 64 80, rune.fossland@veidekke.no
Communications Manager Helge Dieset, tel. +47 90 55 33 22,
helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's largest construction and property development
companies. The company undertakes all types of building construction and civil
engineering contracts, develops residential projects, maintains roads, and
produces asphalt and aggregates. The company is known for its involvement and
local knowledge. Revenue is almost NOK 32 billion, and half of the 8,000
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.