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Veidekke ASA: Wins new contracts at Oslo Airport

March 20, 2014 - London

Veidekke Entreprenør has in the past few days signed two new contracts for Oslo Lufthavn AS with a total value of NOK 293 million excluding VAT. One of the contracts is for the construction of a road and bridge at the main terminal, while the other concerns work in connection with building a new taxiway and the extension of another.

The largest contract is for NOK 200 million for a 120 metre extension of the bridge outside the main terminal at OSL, along the façade of the new west central building. A new ramp from the lower level and a new bridge from the upper level will connect the new road system to the existing bridge across the railway to the south. Work starts in April 2014, and is to be completed in July 2016.

The other contract is valued at NOK 93 million for building and construction work in connection with extending the Tango taxiway and construction of the new Bravo taxiway. The contract also includes building an entrance to a new Norwegian hangar. Works starts early April, to be completed already in October 2014.

"It is a definite advantage to bring in contractors who have experience with working at airports. Construction is taking place at the same time as we are operating an airport, and there are high demands toward traffic safety and that capacity is not affected to any great degree. This makes it assuring to have people who have been here before, and our experience with Veidekke is good," says Nic Nilsen, CEO of Oslo Lufthavn AS.

"Being chosen for jobs like this demonstrates confidence in us. Up here we have extremely competent people who have extensive experience with demanding conditions, such as working at a fully operative airport. Both parties have a strong desire to involve the other party, because we know this is very effective, so we are very much looking forward to getting started," says Managing Director Dag Andresen of Veidekke Entreprenør.

For more information please contact:

Project Manager Petter Bakke, tel. +47 92 68 47 47,

Project Manager Halvor Nordbø, tel. +47 90 97 85 18,

Communications Manager Helge Dieset, tel. 90 55 33 22,

Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of NOK 21 billion (2013) and 6,300 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, and road services. Our values are professional, honest, enthusiastic and ground-breaking. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterised by a strong corporate culture with employee involvement and co-ownership as important cornerstones. More than half of the employees are co-owners, holding around 20 per cent of the Group's shares between them. The company is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
From left_Nic Nilsen left signing contract with Dag Andresen

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Veidekke ASA via Globenewswire



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