Veidekke will carry out the groundworks and build the first basement of the eco
-certified housing project Mariakvartalet in Bjørvika for Oslo S Utvikling
(OSU). The value of the contract is approximately NOK 260 million excluding VAT.

In January, it was announced that OSU had selected Veidekke as the design and
build contractor for the Mariakvartalet project in central Oslo, which is valued
at more than NOK 1 billlion. Here, 246 apartments, a kindergarten, shops,
restaurants and cultural facilities will be built. The homes will be certified
as Very Good in accordance with the BREEAM-NOR manual. In addition, greenhouse
gas emissions will be reduced by at least 20%, the construction site will be
fossil-free, and there are strict requirements to separation at source and waste
minimising. Mariakvartalet has been designed by Lund+Slaatto Architects.

OSU is behind many of the developments in Bjørvika, including Barcode and the
Vannkunsten residential project that won the 2021 Building of the Year Award.
Veidekke has previously been involved in a lot of construction in Bjørvika,
including the Opera, Munch Museum, Diagonale and the Sørengstranda residential
project.

The contract between Veidekke and OSU for the entire Mariakvartalet project is
NOK 1.037 billion excluding VAT. The remainder of the contract sum will be
included in Veidekke's order book when sufficient sales for commencement have
been achieved. Sales are scheduled to start in the second half of 2023.

Read more about the project here (https://osu.no/prosjekter/mariakvartalet).

For further information, please contact:
Head of department Morten Barreth of Veidekke Bygg Oslo, tel. +47 93 88 37 16,
morten.barreth@veidekke.no
Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,
helge.dieset@veidekke.no
Project director Jostein Ådalen of OSU, tel. +47 950 48 489, ja@osu.no

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Veidekke (http://www.veidekke.no)  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. Annual
turnover is approx. NOK 39 billion, and almost 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.

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