Veidekke has been commissioned by Eiffage Norway to produce and lay around
170,000 tonnes of asphalt on the new E18 motorway, which is under construction
between Langangen and Rugtvedt in Telemark. The contract is worth around NOK 200
million excluding VAT.

"We are proud to have won another huge contract for the production and laying of
asphalt in a major road project. Effiage is a new customer who we are looking
forward to working with, and we appreciate the commission and the trust they
have shown in us," says Martin Holmqvist, director of Veidekke Asfalt.

Eiffage Norway is the design and build contractor for the new E18 Rugtvedt
-Langangen section for Nye Veier. This is a complex project involving the
construction of 17 kilometers of four-lane motorway where much consists of
tunnels and large bridge structures, such as the new 600-metre Grenland Bridge.

"We will produce the asphalt at our plants in Larvik and Skien. A significant
volume of recycled asphalt will be used, including from the old section on the
E18 road. We also hope to reuse rock from tunnel driving in the area for new
asphalt if the quality is satisfactory. This will reduce the need to extract
natural resources and at the same time be very local raw materials, which is
very positive for the environment and in line with our commitment to
sustainability," Holmqvist concludes.

The asphalt contract extends for three years. Startup is in the spring, while
the largest volumes will be laid in 2025 and before the road opens in 2026. Read
more about the project here (https://www.nyeveier.no/prosjekter/e18/e18-rugtvedt
-langangen/).

For further information, please contact:
Director Martin Holmqvist of Veidekke Asfalt, tel. +47 92 67 12 63,
martin.holmqvist@veidekke.no
Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,
helge.dieset@veidekke.no
Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
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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.