Today, Veidekke has signed a contract for the construction of the
environmentally certified building 'Utsikten' for Kongsberg Defence & Aerospace
AS (KONGSBERG). The commission is a design and build contract valued at around
NOK 2.3 billion excluding VAT.

"This is a huge and important project for a lot of people, locally, nationally
and internationally, and it is important for us at Veidekke. We are therefore
very proud of the good partnership we have had during the development phase
where we have arrived at the functions, solutions and qualities that now allow
us to enter into a contract. We want to thank KONGSBERG for the confidence shown
in us and are looking forward to extending the good partnership into the
construction phase," says Group Chief Executive Jimmy Bengtsson with Veidekke.

The building in Kongsberg Technology Park will have a total area of 65,000 m2
across eight floors and will accommodate approximately 2,300 workplaces. Here,
technology, innovation, administration and IT for one of the country's most
important developer environments for advanced technology will be gathered under
one roof. The project has been developed in a partnership between KONGSBERG,
Veidekke, architects, subcontractors and other advisors since November 2024.

"This project marks an important milestone for KONGSBERG in its efforts to
realise our growth ambitions. With the establishment of a modern and sustainable
facility, we are ensuring further technological development and innovation in
the defense sector. We appreciate the good partnership with Veidekke, and are
looking forward to successful implementation and occupation," says Frode Bakken,
Vice President Facility with Kongsberg Defence & Aerospace.

Utsikten will be an advanced, future-oriented and sustainable building that will
be certified in accordance with the BREEAM Excellent environmental standard and
meet the requirements of the EU taxonomy and energy class A. Energy-efficient
technical facilities and sustainable energy solutions will provide significant
reductions in greenhouse gas emissions both in the construction and operation
phase. Low-carbon concrete in classes extreme and A will be used in the load
-bearing system, and the construction project will be carried out fossil-free.

The project is being executed out by Veidekke Bygg in Buskerud, Vestfold and
Telemark. Groundworks are already well underway, and the building is scheduled
for completion in the first half of 2028.

The contract is included in Veidekke's order book for the second quarter of
2025.

For further information, please contact:
Project Manager Jostein Ekeberg, Veidekke Bygg, tel. +47 91 69 76 90,
jostein.ekeberg@veidekke.no

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

Project Leader Aron Bjerketveit, Kongsberg Defense & Aerospace, tel. +47 94 17
54 48, aron.bjerketveit@kongsberg.com

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. 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.