Veidekke has been commissioned by Fredensborg Bolig to build 149 apartments in
four buildings with an underground storage and garage facility at Vollebekk in
Oslo. The commission is a design and build contract valued at NOK 460 million,
excluding VAT.

"We are very pleased to be able to start building another large housing project
in Oslo. Vollebekk Stasjon is a quality project designed for rational production
where we have contributed to the project right from the start. We thank
Fredensborg for the trust they show us and look forward to the start of
construction in the autumn, says department head Kaare Gilhus in Veidekke Bygg
Oslo.

Fredensborg Bolig has maintained the pace of housing construction despite a
challenging market, and this winter received the award "Norway's best-selling
housing project" for Vollebekk Station.

"We are happy to start the construction of this project, and with Vollebekk
Stasjon, we are providing Oslo with much-needed housing. Veidekke has
contributed their expertise during the development phase, and we are pleased to
have them continue with us in the construction phase," says Bjørn-Tore Rynning
Olsen, CEO of Fredensborg Bolig.

The homes in the project range from one- to five-bedroom apartments from 37 to
104 m[2]. All apartments will have private outdoor areas and welcoming public
areas, roof terraces and social zones. The metro stop is just a stone's throw
away and a kindergarten, school, the local cultural centre and sports
facilities.are all within walking distance.

Veidekke is already in the process of demolishing existing buildings on the
site. Construction starts in October with planned completion in autumn 2026.
Read more about the project
here (https://fredensborgbolig.no/vollebekkstasjon/).

The contract is included in Veidekke's order book for Q2 2024.

For further information, please contact:
Head of Department Kaare Gilhus at Veidekke Bygg Oslo, tel. +47 45 03 01 97,
kaare.gilhus@veidekke.no
Communications Manager Helge Dieset atVeidekke, tel. +47 90 55 33 22,
helge.dieset@veidekke.no
Communications Manager Erlend Ellingsen at Fredensborg, tel. +47 920 99 039,
erlend.ellingsen@fredensborgbolig.no

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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 43 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.