Veidekke ASA - New share capital registered

Reference is made to the previous announcements by Veidekke ASA (the "Company")
regarding the share issue directed towards the employees in the Veidekke Group,
where it was issued 1,251,325 new shares in the Company. The share capital
increase pertaining to the directed share issue has now been registered in the
Norwegian Register of Business Enterprises (Foretaksregisteret). The Company's
new share capital is NOK 67,478,133.5 divided into 134,956,267 shares, each with
a nominal value of NOK 0.5. The new shares issued in the share issue directed
towards employees are expected to be registered on the respective subscribers'
VPS accounts on or about 20 December 2019.

For more information, please contact:

Finance Director Jørgen G. Michelet, tel. +47 917 43 856,
jorgen.michelet@veidekke.no

This information is subject to a disclosure duty pursuant to section 5-12 of the
Securities Trading Act.

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 approximately 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.