Following a long and constructive collaboration phase, Sola Municipality and
Veidekke have today signed a contract for the construction of a new primary
school and sports hall at Jåsund in Rogaland. The project is a collaborative
contract valued at approximately NOK 350 million, excluding VAT.

"We would like to thank Sola Municipality for the trust placed in us. The
collaboration phase has been characterised by strong cooperation, a clear focus
on objectives and a solution-oriented approach from all parties involved. End
users have played a central role in the development of the project, and the
balance between ambitions and available funding has been handled well. We can
conclude that the municipality has ensured the best possible conditions for a
successful and sustainable school project," says Bendik Aarstad, District
Manager at Veidekke Bygg Rogaland.

The new school is planned for approximately 420 pupils and will provide modern
and flexible learning facilities for both pupils and staff. The sports hall will
also serve as an important facility for local sports clubs and community
organisations. The development is located in an area experiencing strong
population growth, and the new school will help meet the increasing demand for
school capacity.

"Jåsund is an area of rapid growth, and the new school will become an important
meeting place for both pupils and the local community. We look forward to a good
collaboration with Veidekke during the execution of the project," says Janne
Stangeland Rege, Mayor of Sola Municipality.

The project has been developed through a collaboration phase between Sola
Municipality and Veidekke and is now entering the construction phase. The
project has clear environmental ambitions and will be executed as a fossil-free
construction site. The new school will meet the requirements of the passive
house standard, and the concrete elements will be produced using concrete with
an extreme low-carbon quality.

"A collaborative contract is an effective delivery model for maintaining control
over quality, cost and progress. Through collaboration, buildability is verified
before construction starts, which helps reduce changes and ensures a more
efficient project execution," concludes Zakarias Chibssa, Project Manager at
Sola Municipality.

Construction is scheduled to start in August 2026, with completion planned for
spring 2028.

The contract will be included in Veidekke's order backlog for the first quarter
of 2026.

For further information, please contact:

District Manager Bendik Aarstad, tel. +47 911 93 701, bendik.aarstad@veidekke.no

Communications Manager Helge Dieset, 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 43 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.