Fredensborg Bolig has awarded Veidekke the contract to build infrastructure and
62 apartments in two residential buildings in the housing project Poulssons
Kvarter at Fornebu in Bærum. The design-and-build contract is valued at
approximately NOK 240 million, excluding VAT.

"We started developing the project together with Fredensborg Bolig in 2023 and
have enjoyed a very good collaboration ever since. Construction of the first two
phases, comprising 133 apartments and a shared underground parking facility, is
well underway. We are grateful for the renewed confidence now shown in awarding
us the construction of the final two residential buildings in the first part of
this large-scale development," says Morten Barreth, Head of Department at
Veidekke Bygg Oslo.

In addition to developing site infrastructure, Veidekke will now construct two
six-storey residential buildings: Eng, with 41 apartments, and Collett, with 21
apartments. The 62 apartments range from two-room units of 34 square metres to
four-room units of up to 111 square metres. Residents will benefit from several
shared areas and facilities designed to enhance residential quality and foster a
strong sense of community, including a dedicated car-sharing service for those
who wish to use it. A shared underground parking facility (from the first
construction phase) will be located beneath the two buildings.

"Progress on the project is in line with the plan, and the collaboration with
Veidekke is good. It is therefore a pleasure to be able to start phase three as
scheduled. With this construction phase, 195 out of a total of 400 homes in the
Poulsson Kvarter project are now under construction," says Bjørn-Tore Rynning
Olsen, CEO of Fredensborg Bolig.

Construction work has already commenced, with completion scheduled for autumn
2027.

Read more about the project here (https://poulssonskvarter.no/).

The contract is included in Veidekke's order book for Q1 2026.

For further information, please contact:

Head of department Morten Barreth, Veidekke Bygg Oslo, tel. +47 93 88 37 16,
morten.barreth@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/)
Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner
-pa-meldinger/)
Veidekke (http://www.veidekke.com/) 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.