Veidekke: Completing Lervig Brygge in Stavanger

Veidekke has been commissioned by Selvaag Bolig to construct Bryggetunet, the
final development phase at Lervig Brygge in Stavanger. The project comprises 68
apartments across three buildings. The contract is a design and build contract
valued at NOK 245 million, excluding VAT.

"We are pleased to have won the competition for this contract and to have gained
renewed confidence from a valued client in Selvaag Bolig. We appreciate the
trust placed in us and look forward to continuing with the next phase at Lervig
Brygge. Through the Kanaltunet project, we have gained solid experience both
with the area and through our collaboration with Selvaag, which provides a
strong foundation as we now commence Bryggetunet," says district manager Bendik
Aarstad of Veidekke Bygg Rogaland.

The residential project comprises one- to three-bedroom apartments ranging from
45 to 146 sqm, some over two floors. Residents will have access to shared
facilities, including a common room, bicycle workshop and pram storage. Beneath
the buildings there will be a parking garage with storage units and technical
rooms.

"We are pleased to now commence this final and attractive residential project at
Lervig Brygge. Bryggetunet represents an important final stage in the
development of the area and will contribute to creating a vibrant and attractive
residential environment where urban life meets waterfront living. Through our
collaboration with Veidekke, we are confident that the project will be executed
in a reliable and efficient manner, and we look forward to continuing the strong
cooperation," says regional manager Christian Flølo Geithus of Selvaag Bolig.

Construction will commence after the summer holidays, with completion scheduled
for autumn 2028.

The contract will be included in Veidekke's order backlog for the second quarter
of 2026.

For further information, please contact:

District Manager Bendik Aarstad, Veidekke Bygg Rogaland, tel. +47911 93 701,
bendik.aarstad@veidekke.no (are.westbye@veidekke.no)

Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,
helge.dieset@veidekke.no

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Veidekke (https://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.
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Exchange and has posted a profit every year since its inception in 1936.\