On behalf of the Swedish Transport Administration (Trafikverket), Veidekke is to
rebuild the Muggebo-Tjos section of the E20 past Mariestad. The project is a
performance contract valued at approximately SEK 843 million and is expected to
be completed in the autumn of 2028.

Veidekke's commission includes rebuilding a 12 kilometre section of the E20
along the current route and a new section past Mariestad. The road will be
designed for a speed of 100 km/h, with 2+2 lanes and median separation by
guardrails. The project also includes reconstruction of the Brodderud
interchange, a new Hasslerör interchange at the E20/road 26 junction, conversion
of the existing E20 into a local road, a new local road and the renovation and
new construction of public and private roads.

To the south, the project links to Veidekke's ongoing construction contract, the
Hindsberg-Muggebo section on the E20 past Mariestad, and extends to the
connecting road to the north, between road 26 and Hova.

"I'm pleased that we also won the second section of the project for the E20 past
Mariestad and thus have the opportunity to extend the good partnership we have
with the Swedish Transport Administration in the ongoing construction contract,"
says Peter Svenningsson, Regional Manager with Veidekke Anläggning.

The project is one of three remaining sections of the E20 development, which
will improve road safety, contribute to regional growth and create better
conditions for transport on one of Sweden's most important roads. Improving road
safety and accessibility for both goods and people connects the different
regions of the country.

The contract is included in the Q1 2025 order book.

For further information, please contact:
Jørgen Wiese Porsmyr, CFO, +47 907 59 058, jorgen-wiese.porsmyr@veidekke.no

Veidekke 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.