The municipalities of Ålesund and Sula have signed a contract with Veidekke to
carry out the construction works related to the new Kongshaugen treatment plant.
The commission is a design and build contract valued at NOK 400 million
excluding VAT.

"We are delighted to have won the competition for this commission, and we very
much appreciate the vote of confidence. We are most grateful to have been given
the opportunity to work closely with these two municipalities as we build vital
infrastructure that will help make the fjords cleaner," says Stig Mork, District
Manager at Veidekke Bygg Møre og Romsdal.

The main part of the contract includes a number of construction-related works
pertaining to the treatment plant in the bedrock, such as major concrete works,
the boring of ventilation shafts and water and frost protection. Veidekke will
also construct an administration building of approximately 1,000 m2 comprising
two storeys, including related foundation works and landscaping. Low carbon
concrete will be used in all structures, while electric trucks will be used for
the transport of most materials.

The municipalities of Ålesund and Sula are working together through their
project 'BLÅ - fjordar for framtida (https://blafjordar.no/)' (BLUE - Fjords for
the Future) to clean the waste water generated by almost 50,000 residents across
their combined area (with capacity to 66.000 residents). The plant at
Kongshaugen (Kvasnes) will make fjords cleaner while also ensuring that all
formal requirements relating to the treatment of wastewater in the two
municipalities are met.

Work on the project's caverns is well under way, while Veidekke's construction
works will begin in September and are scheduled for completion in January 2028.

This commission is included in Veidekke's order book for Q2.

For further information, please contact:

District Manager Stig Mork of Veidekke Bygg Møre og Romsdal, tel. +47 90 54 26
26, stig.mork@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.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.