AF Gruppen's subsidiary, Kanonaden Entreprenad Mälardalen AB, will, in
collaboration with ByggDialog AB, construct a new wastewater treatment plant in
Gävle for Gästrike Vatten. Kanonaden's share of the contract involves
groundwork, foundation works, and pipe installations, with a contract value of
approximately SEK 500 million excluding VAT.

The project is being delivered as a collaborative turnkey contract with
open-book accounting and a target price. The new treatment plant will replace
the existing one. The worksite will span approximately 10-12 hectares and will
require a high level of technical execution and coordination.

"It is both a vote of confidence and a great responsibility to be involved in
the construction of a new wastewater treatment plant in Gävle. We are entering
the project with a strong and well-aligned team, and we look forward to close
collaboration with ByggDialog and Gästrike Vatten," says Bård Frydenlund, EVP of
AF Gruppen Sweden.

Work is scheduled to begin in Q3 2025 and is expected to be completed by Q2
2032.

For further information:
Bård Frydenlund, EVP Sweden, AF Gruppen, tel. +47 918 68 621
Peter Ek, Managing Director, Kanonaden Entreprenad Mälardalen, tel. +46 705 77
61 77