Møller Eiendom and AB Invest (Buchardt) have commissioned Veidekke to build a
new hotel near the government quarter in the center of Oslo. The contract is a
collaborative contract worth approximately NOK 350 million excluding VAT.

"We are proud to be chosen to build this hotel, which will be completely unique
and will have a concept we do not currently have in Oslo. Both the design and
the location make this an important addition to the city. We are now looking
forward to working closely with Møller Eiendom, AB Invest and Hoxton on the
construction work," says Morten Barreth, Head of Department at Veidekke Bygg
Oslo.

The new hotel will be almost 8,000 m2 spread over nine floors above ground and
two basement floors, while the outdoor areas will face the upcoming government
park. The hotel will have 152 rooms, meeting rooms, a gym, a bar and
restaurants. It will become part of the rapidly growing Hoxton family with
popular hotels in London, Paris, Berlin, Barcelona and Los Angeles, among
others.

"We are experiencing a good climate of cooperation and a common understanding to
deliver a building that meets high standards for quality, price and
functionality. The Hoxton Oslo is an ambitious project that will add a new and
vibrant meeting point to the city - and with Veidekke on board, we have great
faith that the vision will be realized, says Project Developer Gunnar Oveland at
AB Invest.

Construction work will start in a couple of weeks with a planned handover in the
fall of 2027. Read more about the project here (https://mollereiendom.no/the
-hoxton-sjekker-inn-i-oslo-som-forste-by-i-norden/).

The contract will be included in Veidekke's order backlog for the fourth quarter
of 2025.

For further information, please contact:

Head of department Morten Barreth, Veidekke Bygg Oslo, tel. +47 93 88 37 16,
morten.barreth@veidekke.no

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

Project Developer Gunnar Oveland, AB Invest, tel. +47 93 46 68 20,
gunnar@abinvest.no (kristoffer@soeiendom.no)

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.