Veidekke ASA: To build office block in Arendal

Veidekke has been commissioned by Fløybyen AS (wholly owned by Arendal
municipality) to construct the first new building in Arendal's new Fløybyen
neighbourhood. This will be an environmentally certified office building and the
County Governor of Agder will be its principal tenant. This is a design and
build construction contract valued at NOK 158 million, excluding VAT.
The new office building will have a total area of 6,100 m2 divided across two
parts with four and eight storeys respectively. They will be connected by an
intermediary building that will function as a bridge. The building will meet
passive house standards and will be environmentally certified using the BREEAM
-NOR standard. Its location at Fløyheia near the centre will mean that the
building is clearly visible from many parts of Arendal and there will be
excellent views of Arendal, Pollen and the sea from inside.

The 215 employees of the County Governor of Agder will take up 4,500 m2, when
they move into what will be a modern building with a range of social zones and
roof terraces at several different levels. High windows will allow daylight to
reach a long way into the building on ever storey, and low plinth walls will
ensure the view is maintained.

'We are very proud to have won the competition to build this project that is
getting under way in the new neighbourhood of Fløybyen, and we are so grateful
for the commission. This is going to be a beautiful and important building for
Arendal that will feature exciting architectural solutions. The fact that it
will be an environmentally friendly building is something we particularly
appreciate at Veidekke,' says Atle Monan, District Manager at Veidekke Bygg
Agder.

Construction works are scheduled to begin in late September and are due for
completion in December 2020.

For more information, contact:
District Manager Atle Monan, tel. +47 95 14 27 40, atle.monan@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. Annual turnover is approx. NOK 36 billion, and around half of
its 8600 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.