Nordr has chosen Veidekke as the design and build contractor for the Grønvoll
quarter at Helsfyr in Oslo. The entire construction contract with a total of 412
environmentally certified apartments will be worth close to NOK 1.3 billion
excluding VAT when everything is under way. Building the first stage is planned
to start after the summer holidays.

"This is one of the largest housing projects to be launched this year, and we
are very happy to have Veidekke with us," says Henning Wettre Hanevold, CEO of
Nordr, after Nordr and Veidekke signed the contract for the Grønnvoll
residential quarter today.

Five buildings with 412 apartments and underground parking facilities will be
built between Grenseveien and Grensesvingen near Fyrstikktorget at Helsfyr over
the next 3-4 years. 80 per cent of the first stage of 109 apartments have been
sold. The second stage is also a formidable success, with 63 out of 71
apartments quickly sold.

"We are grateful for the confidence shown in us and for yet another large
residential contract for Nordr. We particularly appreciate building fine homes
where sustainability is safeguarded as it is here, and we can see from the good
sales that Nordr and the project have matched the market needs well. We are very
much looking forward to starting construction work," says Anders W. Haugen,
Director of Veidekke Bygg Oslo.

In the courtyard between the buildings there will be a shared garden with varied
planting, several playgrounds and social zones with barbecue areas. There will
be shared roof terraces on four of the buildings with walkways between them. The
Grønvoll residential quarter will have Fyrstikktorget as its nearest neighbour
and one of the city's best public transport services.

"Our goal is to make this a living environment for the future. Through this
conversion from the previous commercial buildings to housing, we are increasing
the green area on the site from today's four per cent to a whopping 44 per cent.
A minimum of 75 per cent of the homes will comply with energy class B or better,
which will benefit residents in the form of low energy costs," concludes
Hanevold.

The contract between Veidekke and Nordr (https://www.nordr.com/no) for the
entire Grønnvoll residential quarter is for NOK 1.284 billion excluding VAT,
which will go into the order book as the various building stages are commenced.

Read more about the Grønnvoll residential quarter
here (https://www.nordr.com/no/boliger-til-salgs/gronvollkvartalet/til-salgs).


For further information, please contact:
Department Manager Kaare Gilhus, tel. +47 45 03 01 97, kaare.gilhus@veidekke.no
Communications Manager Helge Dieset, tel. +47 90 55 33 22,
helge.dieset@veidekke.no
CEO Henning Hanevold of Nordr Norway, tel. +47 91 78 60 20,
henning.hanevold@nordr.com

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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.