Veidekke has signed a contract with Verdal municipality to build Phase 2 of a
residential and treatment centre offering 80 round-the-clock care places,
located in the centre of Verdal. The project emphasises repurposing and reuse,
and is scheduled to be ready for trial operation in February 2028. The
assignment is a turnkey project valued at NOK 300 million excluding VAT and will
be executed jointly with Veidekke's Verdal-based subsidiary, Grande Entreprenør.

"We are grateful for the trust placed in us, and are very proud to be building
the extension to Verdal residential and treatment centre. The residents of the
municipality will now benefit from having further important municipal services
co-located in a modern building. Our excellent collaboration with the
municipality and our partners is ensuring better solutions and predictability
for all parties," says Torgeir Loholt Wiig, Director of Veidekke Bygg Trøndelag.

Veidekke won the tender for the collaboration agreement in March 2025, and has
since developed the project in close consultation with Verdal municipality and
partners in preparation for the municipal council's final decision at the end of
March 2026. Construction work will be carried out by Veidekke and Grande
Entreprenør, together with other local partners.

The new phase will provide 80 round-the-clock care places with communal areas
and staff facilities, as well as the co-location of a range of municipal
services including home care, healthy living/rehabilitation, mental health and
substance abuse services. The project also includes space for a day centre, a
health centre for the elderly and facilities for young people.

Phase 2 encompasses approximately 7,700 m[2] spread over three floors. Some 70%
of the facilities will be newly constructed, with the remaining 30% consisting
of the refurbished former Verdal residential and health centre. The project
includes extensive plans for reuse and repurposing. For example, bricks from the
old building will be reused, and suitable materials will be sourced from donor
buildings. An agreement has also been signed with the Retura repurposing centre.

"Verdal municipality is very pleased to have Veidekke as a partner and
contractor for this project. We are confident that we gain a modern residential
and treatment centre that meets our needs. Veidekke's approach to the project
and investigation of reuse and repurposing opportunities has opened our eyes to
new possibilities and enables us to take major steps towards sustainability,"
says Birger Gravdal Røeggen, Investment Manager for Health and Child Welfare at
Verdal municipality.

Demolition work will commence immediately, with construction starting in June
and completion scheduled for February 2028, followed by a one-year trial period.
The assignment will be included in Veidekke's order book for the second quarter
of 2026.

For further information, please contact:
Director of Veidekke Bygg Trøndelag, Torgeir Loholt Wiig, tel. +47 95 02 07 30,
torgeir.wiig@veidekke.no
General Manager of Grande Entreprenør, Morten Hynne, tel. +47 95 24 85 41,
morten.hynne@grande-entreprenor.no
Head of Communications Tommy Johansen, tel. +47 95 22 44 82,
tommy.johansen@veidekke.no

Veidekke press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
Subscribe to notifications from
Veidekke (http://veidekke.com/no/borsmeldinger/abonner-pa-meldinger/)

Veidekke is one of Scandinavia's largest contractors. In addition to undertaking
all types of building and civil engineering assignments, the group also
maintains roads and produces asphalt and aggregates. Veidekke emphasises
stakeholder involvement and local experience. Its annual turnover is
approximately NOK 43 billion, and half of its 8,000 employees own shares in the
company. Veidekke is listed on the Oslo Stock Exchange, and has posted a profit
every year since its inception in 1936.