Veidekke's Swedish subsidiary Arcona is about to start the remodelling of
Solfagraskolan primary school for Huddinge Samhällsfastigheter AB. The
collaborative design and build project has a total contract value of SEK 400
million.

Solfagraskolan is a preschool to sixth grade primary school in Huddinge. The
initial project phases, comprising planning and design, start immediately. The
current school buildings will be demolished and replaced by modern wooden
buildings certified in accordance with the environmental building standard
Miljöbyggnad 4.0, level silver. The new school will comprise a total area of
approx. 8,000 square metres. Also included in the project is an option to build
a 1,200-2,000 square metres sports facility.

This an important project to Arcona, both with regard to sustainability and as a
response to the growing demand for modern educational premises:

"At Arcona, we are proud to contribute to the transformation of the current
Solfagraskolan into modern and expedient teaching facilities - in collaboration
with Huddinge Samhällsfastigheter. The project, with its wooden frame, recycling
plans and environmental certification, is both exciting and in step with the
times," says Johan Månsson at Arcona.

During the past summer, the school moved to temporary pavilions, which will
house the students until the new school building is ready for occupancy from the
autumn semester 2028. Construction is expected to be completed in spring 2028.

"We are excited to start designing a functional and brand new school building in
collaboration with Arcona. The modernisation required at Solfagraskolan is
beyond what is feasible within the current premises. The choice of wood as the
main material underpins our ambition to reduce the climate impact," says Håkan
Lindblom at Huddinge Samhällsfastigheter.

The contract is included in the order book for the current quarter.

For more information, contact:

  · Jørgen Wiese Porsmyr, CFO Veidekke ASA, +47?907 59 058
  · Johan Månsson, Arcona, +46 8 510 022 16

Veidekke press photos  (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
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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.