Veidekke has been commissioned by Sarpsborg municipality to expand and upgrade
the Alvim treatment plant. The contract is a design and build contract valued at
NOK 253 million excluding VAT.

"We're looking forward to extending the good partnership we already have with
Sarpsborg municipality from the contract with the preparatory works at the
treatment plant. This new contract will be carried out in a partnership between
Veidekke's Leif Grimsrud and Veidekke Bygg Østfold Follo departments," says
Magnar Kristiansen, general manager of Leif Grimsrud AS.

The Alvim treatment plant will be expanded and upgraded to meet increasingly
strict treatment requirements and to maintain the capacity-related increase in
population and industry development in Sarpsborg. The project involves the
construction of a new biotreatment plant with nitrogen treatment, the
construction of a new administration building and a garage, as well as the
rehabilitation of existing buildings.

"We are very pleased to be chosen to carry out this assignment. We appreciate
Sarpsborg municipality's confidence in us and are looking forward to the start
-up and implementation of the project," says general manager Bård Degnes of
Veidekke Bygg Østfold Follo.

The commissioning of the construction and foundation works is planned for June
2024 with completion scheduled for December 2026. Read more about the project
here (https://www.sarpsborg.com/byggesak-og-teknisk/vann-og-avlop/nye-alvim
-renseanlegg/nytt-renseanlegg/).

For further information, please contact:
General Manager Bård Degnes, Veidekke Bygg Østfold Follo, tel. +47 94 15 61 00,
bard.degnes@veidekke.no
General Manager Magnar Kristiansen, Leif Grimsrud AS, tel: +47 99 28 24 76,
magnar.kristiansen@leifgrimsrud.no
Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,
helge.dieset@veidekke.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 43 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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