AF Gruppen has been awarded a collaborative contract by Statsbygg for the
maintenance and rehabilitation of the Norwegian School of Sport Sciences at
Sognsvann in Oslo. The project includes approximately 16,000 square meters of
existing building stock, comprising sports facilities, teaching spaces and
office areas, along with associated technical installations.

The project will be carried out as a collaborative contract, in close
cooperation with Statsbygg and the Norwegian School of Sport Sciences. Phase 1
of the collaboration will commence without delay. Phase 2 (implementation) is
scheduled to begin in the first quarter of 2026, with expected completion in
2028. The total contract value is estimated at NOK 100 million excluding VAT and
will be included in the order backlog upon potential signing of the phase 2
contract.

"AF Gruppen has solid experience with rehabilitation projects in operational
buildings, combined with strong expertise in technical solutions and ambitious
environmental targets. We look forward to contributing our broad competence to
ensure an efficient and sustainable execution," says Eirik Wraal, EVP for
Building, Energy and Environment at AF Gruppen.

For further information:
EVP for Building, Energy and Environment, Eirik Wraal, tel. +47 905 73 975
CEO of AF Gruppen, Amund Tøftum, tel. +47 920 26 712