Veidekke has been commissioned by Øgreid Eiendom AS to build the second stage of
the Søstrene Hinna residential project in Stavanger. This is a building with 30
apartments with underground parking, 11 townhouses and underground parking for
the next sales stage. The contract is a design and build contract valued at NOK
133 million, excluding VAT.

"We are pleased and proud of the renewed confidence shown in us for the next
construction stage of Søstrene Hinna. We have a very good partnership with
Øgreid Eiendom on the project and will now have good continuity for our team at
the site. It is also pleasing to see that residential sales are so good in
Stavanger in general and in Jåttåvågen in particular, which means that we can
start planning further development stages together with Øgreid," says District
Manager Bendik Aarstad with Veidekke Bygg Rogaland.

The Søstrene Hinna project includes extensive green areas and spacious common
areas. On the seventh floor of the apartment building there will be coworking
spaces for use by residents. There will also be guest rooms with hotel standard
on the ground floor. The project is located in Hinna Park, which will be
Stavanger's most modern district. When fully developed, the area will have
around 1,500 new homes and 6,000 jobs, attractive outdoor spaces and parks with
a short distance to shops, restaurants, trains, buses and bike paths.

"We are pleased to sign yet another contract with Veidekke Rogaland for stage 2
of Søstrene Hinna. The project has been a success in the market and we have a
contractor on board that delivers quality at every level. We are looking forward
to planning further construction stages at Søstrene Hinna in Hinna Park," says
project manager Stig Kristensen of Øgreid Eiendom.

Start of construction is planned for May/June, and the homes are scheduled to be
ready for occupation in Q1 2025.

For further information, please contact:
Bendik Aarstad, district manager with Veidekke Bygg Rogaland, tel. +47 911 93
701, bendik.aarstad@veidekke.no (are.westbye@veidekke.no)
Helge Dieset, Communications Manager, Veidekke, tel. +47 90 55 33 22,
helge.dieset@veidekke.no
Erlend Aanestad, general manager, Øgreid Eiendom, tel. +47 400 77 625,
erlend.aanestad@ogreid.no

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Veidekke 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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