The AF Gruppen subsidiary, Kanonaden Entreprenad is set to carry out the
groundwork for new industrial sites at Rollsbo Västerhöjd in Kungälv on behalf
of Ytterbygg AB. The contract is worth a total of SEK 143 million, excluding
VAT.

There is extremely high demand for new industrial premises in the Rollsbo region
immediately to the north of Gothenburg, which enjoys an excellent situation just
off the E6. Ytterbygg, which builds and rents out customised premises for
businesses in Kungälv and Gothenburg, is now establishing approximately 200,000
square metres of industrial and warehousing premises in Rollsbo Västerhöjd.

Kanonaden's contract includes groundwork, water and sewage and street work,
including the removal of large volumes of rock.

"We know that we can contribute our experience and expertise from similar
projects and we look forward to creating the conditions for development and
growth in the attractive Gothenburg region," says Bård Frydenlund, EVP of AF
Gruppen for Sweden.

The new Rollsbo Västerhöjd area is being developed in collaboration between the
two property owners, Ytterbygg and the municipality-owned company Bokab. The
companies have a shared commitment to improve public land.

The new industrial sites will be completed in stages, with the sites being
handed over successively for construction work to commence from 2022. The
contract is expected to last until the summer of 2023.

For further information:
Bård Frydenlund, EVP of AF Gruppen for Sweden, Tel. +47 918 68 621
Andreas Rydbo, MD AF Gruppen Sverige AB, Tel. +46 31 762 40 03

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