Betonmast, a subsidiary of AF Gruppen, has been nominated by Averøy municipality
as contractor to build Averøy elementary school on Averøy in Nordmøre in the
county of Møre og Romsdal. The project will be carried out as a collaborative
contract, and the value of the building contract is expected to be approximately
NOK 150 million excluding VAT.

The new school is planned to accommodate 240 pupils and will replace three
schools. In the addition the gymnasium, special rooms and common areas will
allow for shared use and activities outside of school hours. With great focus on
sustainability and the use of wood and energy-efficient solutions, the school
will achieve the passive house standard.

"Betonmast has extensive expertise with both collaboration and schools, so we
are really looking forward to realising this project in partnership with Averøy
municipality," says CEO Jørgen Evensen of Betonmast. 

The collaboration agreement was signed today, while the turnkey contract is
expected to be signed during Q2 2021. Construction is expected to start in the
spring of 2021, and completion is scheduled for the summer/autumn of 2022.

For further details, please contact:
Jørgen Evensen, CEO of Betonmast, tel.: +47 906 09 310 
Bård Frydenlund, EVP, Sweden and Betonmast for AF Gruppen, tel.: +47 918 68 621

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