Veidekke's Danish subsidiary Hoffman A/S has entered into a contract with Square
Copenhagen ApS, part of the German real estate company Proteus, for the
renovation and reconstruction of Helmerhus, a historic building located at
Copenhagen City Hall Square. The contract value is DKK 580 million.

"We look forward to restoring and transforming a historic Copenhagen landmark
with respect for the city - together with Hoffmann and our partners," says Dr.
Jürgen Büllesbach, CEO of Proteus.

Helmerhus was originally constructed in the year 1900. When reconstruction is
completed, the building will comprise 15,000 square meters of office space,
1,200 square meters of residential space and 3,000 square meters of retail and F
& B space. The project has been developed by Hoffmann, VITA enginiører, Henning
Larsen Architects, Emcon and AM Alpha.

"We are excited to be carrying out the transformation of Helmerhus. Located at
City Hall Square in the heart of Copenhagen, this is a highly prestigious
project which follows in the footsteps of other successful projects Hoffmann has
carried out in inner Copenhagen, such as 25Hours Hotel Copenhagen, Tivoli Corner
and CitizenM Copenhagen Hotel," says Torben Bjørk, CEO of Hoffmann A/S.

The contract is included in the Q1 order book.

For more information, contact:
Jørgen Wiese Porsmyr, CFO Veidekke ASA, telephone +47 907 59 058

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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