Veidekke ASA: To clear Langøyene in Oslo

Veidekke has today signed a contract with the City of Oslo to clear and secure
the former landfill at Langøyene, transforming it to enable bathing and
recreation at the site located in the inner Oslo Fjord. The assignment on behalf
of the City of Oslo Agency for Real Estate and Urban Renewal is worth
approximately NOK 200 million excluding VAT.
The island of Langøyene in the Oslo Fjord served as the landfill site for all
household and industrial waste in the City of Oslo from 1908 until 1948 when it
was closed and capped. After the waste began to appear on the grass in covering
the old site in the summer of 2013, environmental engineering examinations was
conducted. These surveys identified environmental toxins in high concentrations
both in the landfill deposit itself and in the upper surface.

'We are very pleased to have won this prestigious contract. Veidekke has
extensive expertise in processing contaminated land, and we are looking forward
to working together with the City of Oslo Agency for Real Estate and Urban
Renewal to ensure that this idyllic and popular open-air gem is once again made
available for the people of Oslo to enjoy,' says Executive Vice President of
Veidekke Anlegg, Øivind Larsen.

Veidekke won the tendering competition following the pre-qualification of five
bidders. Quality and the environment were both key criteria in selecting a
contractor.

The project will involve Veidekke ensuring that there is no direct contact with
contaminated masses at ground level and that there is no leakage of contaminants
into the fjord. Meanwhile, beach facilities and jetties will also be upgraded,
in addition to the construction of a storage building and service building, as
well as the establishment of a new solution for the supply of water and removal
of sewage. Following the completion of these initiatives, Langøyene will once
again be a gem of the Oslo Fjord, better equipped to receive the people of Oslo
visiting an open-air leisure area without any contamination.

Work is scheduled to commence in the autumn and will continue until July 2021.

More information about the project is available at www.oslo.kommune.no/politikk
-og-administrasjon/slik-bygger-vi-oslo/langoyene/

For more information, contact:
Executive Vice President Øivind Larsen , tel. +47 90 58 23 51,
oivind.larsen@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.