Betonmast, a subsidiary of AF Gruppen, has signed a contract with Ragn-Sells AS
for the construction of a new zero-emission facility for commercial waste at
Eikhaugen in Drammen. The contract is a turnkey agreement with a value of
approximately NOK 200 million, excluding VAT.

The new facility will have a footprint of around 5,000 square metres GFA and
will include a production hall, a washing hall, garages, technical rooms, and an
administration section with offices, a canteen, and changing rooms. The project
also comprises groundwork and outdoor works, infrastructure, and stormwater
management.

"This is an important and forward-looking project with clear environmental
ambitions. We look forward to carrying out the project in close cooperation with
Ragn-Sells and contributing with our expertise within industrial and
environmentally focused buildings," says Peter Sandrup, CEO of Betonmast.

Project start-up is scheduled for May 2026.

For further information:
Peter Sandrup, CEO Betonmast, tel. +47 915 88 645
Bård Frydenlund, EVP Sweden and Betonmast in AF Gruppen, tel. +47 918 68 621