Selvaag Bolig has awarded Veidekke the contract to build 122 apartments, a
parking facility and commercial premises in Skårer Park, the final major
construction phase in Skårerbyen in Lørenskog. The contract is a design and
build contract valued at nearly NOK 370 million excluding VAT.

"We are grateful for the renewed trust and for being given the honour of
constructing the final major building phase in Skårerbyen. Together with the
Selvaag Bolig team, we have developed the homes from the very beginning, and we
now look forward to continuing the strong collaboration established in the
previous construction phase," says Morten Barreth, Head of Department at
Veidekke Building Oslo.

The buildings Veidekke will construct range from four to eight storeys and form
a horseshoe shape surrounding a shared outdoor courtyard featuring landscaping,
play areas and communal spaces for residents. The apartments range in size from
35 to 122 m², and ground-floor areas are prepared for commercial use. The
basement level will include parking spaces, storage rooms and technical rooms.
Residents will also have access to a neighbourhood concept with a range of
shared facilities and communal areas on the rooftops and within the surrounding
area.

"This final construction phase has been well received by buyers. Sales have been
strong, and the next sales release is approaching. We are very pleased to
continue our cooperation with Veidekke," says Line Wegger, Project Director at
Selvaag Bolig.

Construction has already started, with planned handover scheduled for the second
half of 2027 and the first half of 2028.

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

For further information, please contact:

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