Selvaag Bolig has entered into an agreement with Veidekke to begin construction
of the residential development S46 at Sandsli, south of Bergen. The first phase
comprises three buildings with a total of 96 apartments and a shared underground
parking facility. The contract is a design-and-build agreement valued at NOK 280
million excluding VAT.

"This is a great project situated on an elevated site in Sandsliåsen. We will be
creating a vibrant neighbourhood with terraced houses and apartments surrounding
- and partially built on top of - a new parking structure. We appreciate the
trust placed in us and look forward to working closely with Selvaag Bolig
throughout the project," says Hans Aakre, District Manager at Veidekke Bygg
Bergen.

The homes at Sandsli will enjoy a quiet setting close to nature, while still
offering short walking distance to the light rail, shops, fitness facilities and
workplaces. A central community square will be established between the
buildings, featuring playground equipment, green areas and social zones designed
for both children and adults.

"Selvaag Bolig is pleased to appoint Veidekke as contractor for this project. We
have had good experiences from previous collaborations and look forward to
working together again. This will be our fourth development at Sandsli, and it
is important for us to deliver homes we can be proud of - where Veidekke will be
a key contributor. With the S46 project we are offering a varied range of homes
suitable for first-time buyers, families and those seeking a simpler, more
practical everyday life," says Christian Geithus, Regional Director in Bergen.

Construction work will commence in March, with planned completion in December
2027. In total, Veidekke's contract with Selvaag Bolig includes the construction
of 206 homes distributed across four apartment blocks, six point houses and 15
terraced houses. Subsequent construction phases will be initiated in line with
sales progress.

The assignment is included in Veidekke's order backlog for the fourth quarter of
2025.

For further information, please contact:

District Manager Hans Aakre, Veidekke Bygg Bergen, tel. +47 40 55 57 97,
hans.aakre@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.