OBOS has commissioned Veidekke to rehabilitate their former head office at
Hammersborg Torg in Oslo. The contract is a turnkey contract worth approximately
NOK 300 million excluding VAT.

- This is an exciting project with extensive interior upgrades of the three
iconic buildings Høyblokka, Glassbygget and Mellombygget. Rehabilitation
significantly reduces greenhouse gas emissions rather than building new, so this
will be good for both the environment and the new tenants who will move in. We
thank OBOS so much for the assignment and the good cooperation we have had
during the development phase, says Department Manager Rune Andersstuen at
Veidekke Bygg Oslo.

OBOS has just moved out of its old head office at Hammersborg Torg to
Construction City at Ulven. Veidekke and OBOS have jointly developed the old
head office to meet today's qualities and satisfy the requirements of new
tenants.

The project includes interior rehabilitation of approximately 17,500 m2 of
building stock divided into two office buildings of twelve and four floors
respectively, a reception building and shared basements on three levels. After
completion, the premises will have reduced energy consumption and new technical
facilities. There will be modern and upgraded office space, meeting room
facilities, a canteen, a training room and changing rooms. In addition, a large
underground parking garage will be rehabilitated and new bicycle parking will be
established.

Construction work will begin immediately with planned handover in the second and
third quarters of 2026. The contract is included in Veidekke's order book for Q3
2025.

For further information, please contact:

District Manager Rune Andersstuen, Veidekke Bygg Oslo, tel. +47 91 83 33 80,
rune.andersstuen@veidekke.no

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

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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.