Veidekke's Swedish subsidiary Arcona has been commissioned to carry out an
extensive renovation project at Södersjukhuset in Stockholm. The project is an
execution contract valued at approx. SEK 300 million, and the client is Region
Stockholm's property company Locum.

Preparatory work is already underway in the project, which will be carried out
in 2024 and 2025 and involves the renovation of approx. 11,300 square meters in
Södersjukhuset's buildings 17 and 18. The two buildings will be equipped to meet
today's requirements for modern care buildings, with improved floor plans and
upgraded technical systems. When the renovation is completed, the buildings will
house 168 new single rooms.

Arcona will deliver services from room design to installation work, with a focus
on ensuring that the buildings live up to the high standard required by the
healthcare system.

"At Arcona, we are very proud to have received this assignment. We are looking
forward to working with Locum again, after our successful construction of
building 72 at Södersjukhuset, which several of our current employees helped
complete five years ago, says Andreas Asplinger in Arcona.

The contract is included in the Q1 2024 order book.

For more information, contact:

Jørgen Wiese Porsmyr, CFO Veidekke ASA, ph. +47 907 59 058
Andreas Asplinger, Arcona, telefon + 46 08 510 02 294

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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.