Betonmast, a subsidiary of AF Gruppen, has entered into an agreement with
Aberdeen Standard Investments and Ailon Group for a turnkey contract for the
Anholt quarter in the north of Stockholm. The value of the contract is
approximately SEK 390 million excluding VAT.

The project involves building a total of 182 new rental apartments with a
parking basement and kindergarten in central Kista. The project will be
environmentally certified in accordance with the Silver standard under the
Swedish environmental building certification system Miljöbyggnad. 

Betonmast already has an ongoing project in Kista for Aberdeen Standard
Investments and Ailon Group (the Jylland quarter). The Anholt quarter will
neighbour Jylland, close to both public transport and recreational areas.

"We are pleased to build more homes for young people in the Stockholm region,"
says Jørgen Evensen, CEO of Betonmast. "We're also looking forward to
contributing our expertise and experience in our continued cooperation with the
customer.

Design and engineering is ongoing, and construction will commence in the summer
of 2021.


For further details, please contact:

Jørgen Evensen, CEO of Betonmast, tel.: +47 906 09 310 
Bård Frydenlund, Executive Vice President, Sweden and Betonmast for AF Gruppen,
tel.: +47 918 68 621