Veidekke will build also the third and final construction phase with 172
apartments in the Grønvollkvartalet residential project at Helsfyr in Oslo. The
contract with Nordr Norway is a turnkey contract worth NOK 518 million excl.
VAT.

- We are very pleased that Nordr has now called off the final construction phase
at Grønvollkvartalet. The project has been a great sales success, and for us as
a contractor it means a lot to be able to build the project in continuity and at
a high pace. With this order, this will be the largest ongoing apartment project
in Norway, and we are proud that we are getting to build it, says Department
Manager Kaare Gilhus at Veidekke Bygg Oslo.

The third construction phase contains 172 apartments and four to five commercial
premises, divided into two blocks that vary from six to eight floors above
ground. Both buildings will have shared roof terraces for the residents and
footbridges over to the neighboring buildings. Veidekke's assignment also
includes building a pedestrian and cycle path that will be handed over to the
Urban Environment Agency in the Municipality of Oslo.

Construction work will start shortly with planned phased handover from the end
of 2027 to the summer of 2028. Read more about the project
here. (https://www.nordr.com/no/boliger-til-salgs/gronvollkvartalet/til-salgs)

The contract is included in Veidekke's order book for Q4 2025.

For further information, please contact:

Head of department Kaare Gilhus, Veidekke Bygg Oslo, tel.+47 45 03 01 97,
kaare.gilhus@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.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 41 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.