Veidekke has been commissioned by Akademiska Hus to complete a full renovation
of the Zoologen building in Gothenburg. The project is a design and build
contract with an estimated total cost of approximately NOK 315 million.
Occupancy of the building is expected to start in fall 2026.

Outside, the look of the building will change completely, and inside, Akademiska
Hus is planning 15 fully renovated laboratory and office spaces ranging from 100
m[2] to 850 m[2], and featuring complete laboratory infrastructure. In addition,
the project includes a lunch café with a shared dining hall, as well as meeting
rooms and a gym. The project emphasises sustainability and reuse, and materials
from the old building have been collected by kindergartens and schools for their
reuse.

Located at Medicinareberget, with amazing views of the city and proximity to
both nature and the city centre, Zoologen sits next to Gothenburg University and
Sahlgrenska University Hospital, and will be part of a growing life science
cluster.

"With Zoologen we are creating modern and sustainable premises for life science
companies, in the middle of a research and education environment. Through our
solid collaboration with Veidekke, we are not only developing a building, but
also enriching the campus with new possibilities," says Martin Dahlberg, project
manager at Akademiska Hus.

"We are proud to be entrusted by Akademiska Hus with another project - to
transform this 1960s building into a stylish and modern laboratory and office
property," says Christer Carlberg at Veidekke.

The first stage of the project, with a contract value of NOK 112 million, was
included in the order book for Q2 2025. Approx. NOK 200 million is included as
new orders in the Q3 2025 order book.

For more information, contact:
Jørgen Wiese Porsmyr, CFO Veidekke ASA, ph. +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 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.