Veidekke ASA: Signed contract for new construction and renovation of Blue Hotel Lidingö

Veidekke's subsidiary Billström Riemer Andersson Bygg AB has signed a contract
with ESS Group and Gillesvik Fastigheter at a value of SEK 170 million.
The contract involves new construction and renovation of Blue Hotel at Lidingö
outside Stockholm.
The project comprises an area of 8,400 square metres in total, and includes
complete renovation of 5,700 square metres, as well as new construction of 2,700
square metres to house i.a. new rooms and swimming pools. The project, which has
been planned in close collaboration between the customer and Billström Riemer
Andersson Bygg AB, is scheduled for completion in the spring of 2020.

"We have cooperated very well with ESS Group over several years and look forward
to carrying out another fine project together," says Magnus Andersson,
Department Manager at Billström Riemer Andersson Bygg AB.

Billström Riemer Andersson AB is a Veidekke subsidiary based in Gothenburg,
Sweden, with annual revenues of SEK 1.5 billion and 250 employees.

For press photos, see www.flickr.com/photos/veidekke, for more information,
contact:

Magnus Riemer, CEO Billström Riemer Andersson AB, tel +46 031-89 44 02;
magnus.riemer@brabygg.se

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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. Its annual turnover is NOK 36 billion, and half of its 8,600
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.