Veidekke's subsidiary Grande Entreprenør and Verdal municipality have finally
signed a contract for the construction of Nye Stiklestad School. The commission
is a design and build contract worth about NOK 200 million excluding VAT.

Grande Entreprenør won the tender competition for the new school before the
summer holiday in 2023, but as a result of several rounds of complaints and
processing at the public complaints body KOFA, it has taken a long time to get
started on the project. Only in February was a contract drawn up for the
interaction phase, and after that representatives from Verdal municipality, user
groups and Grande have made great progress towards the final contract for the
construction of the school.

"The interaction process has meant that the municipality will have a better
school than what was in the original plans. Together, we have worked a great
deal on raising the quality of the areas and an outdoor area will be established
that would cause most other schools to envy the children in Stiklestad school
district. And all of this is within the current budget," says Morten Hynne,
General Manager of Grande Entreprenør.

The new Stiklestad school will have a gross area of approximately 4,800 m[2] on
two levels, located at the old plant nursery in Stiklestad. The school is being
built with a capacity of 250 students in years one to seven, and there will be
preparations for a later extension if needed.

"Now comes detailed project design and rapid contracting of subcontractors
starting tomorrow morning. The plan is to start physical work on the plot
immediately after the summer holiday with completion by Christmas 2025," Hynne
concludes.

The contract is included in Veidekke's order book for Q2 2024.

For further information, please contact:
General Manager Morten Hynne, Grande Entreprenør, tel +47 95 24 85
41,morten.hynne@grande-entreprenor.no
Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,
helge.dieset@veidekke.no

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Veidekke (http://www.veidekke.no) 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. Annual
turnover is approx. NOK 43 billion, and almost 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.