Veidekke has entered into a contract with Skanska Norway to lay approximately
205,000 tonnes of asphalt on the new E10 Hålogalandsvegen, which is under
construction in Nordland and Troms. The value of the contract is NOK 264 million
excluding VAT.

"We are proud to have won the competition for what is one of the largest asphalt
contracts in Norway ever. The asphalt will be produced at our local plant in
Sigerfjord, and about half of the volume will contain recycled asphalt from the
old section on the E10. We really appreciate the confidence shown in us and are
looking forward to working with Skanska," says Martin Holmqvist, director of
Veidekke Asfalt.

Skanska is the general contractor on the project and has entered into a PPP
contract with the Norwegian Public Roads Administration for the construction and
operation of 82 kilometres of road on the E10/national road 85 Tjeldsund -
Gullesfjordbotn - Langvassbukt section. Veidekke will lay asphalt on sections
two to seven on the western part of the project, more specifically on the E10
from the Sigerfjord tunnel to Fiskefjorden and from there on national road 85 to
north of Lødingen.

- Veidekke shows that they are able to meet our high demands for environmentally
sound solutions, which is the reason why the choice fell on them. It was also
important to have a supplier that satisfactorily meets the contract's
requirements for quality, and our needs for progress. I think Veidekke will do
that, and I look forward to the collaboration, says project director at Skanska,
Are Eliassen.

In 2024 it is estimated that 40-45,000 tons of asphalt will be laid, while the
remainder will be carried out in 2025-2027. The new road is scheduled to open at
the end of 2028.

Read more about
Hålogalandsvegen (https://www.vegvesen.no/vegprosjekter/prosjekt/halogalandsvege
n
/) here.

For further information, please contact:
Director Martin Holmqvist of Veidekke Asfalt, tel. +47 92 67 12 63,
martin.holmqvist@veidekke.no
Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,
helge.dieset@veidekke.no
Project director Are Eliassen, Skanska, tel. +47 93 44 46 57.

Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
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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 39 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.