Veidekke has signed a contract with Sartor Holding AS to build Nygatakvartalet
at Straume in Øygarden municipality. The project consists of two buildings with
a total of 75 rental apartments and retail premises. The commission is a design
and build contract valued at almost NOK 210 million, excluding VAT.

Veidekke has been involved in building Kystbyen at Straume and shaping the new
central area of Øygarden municipality from the beginning. The Nygatakvartalet
project has long been anticipated in the rental market with a good variation in
the type of apartments where many are adapted for older users. One building will
have retail premises on the ground floor and an apartment hotel with 55
apartments in the remainder of the building. The second building will have two
storeys of retail premises and 20 rental apartments on top.

"One of the things we like best at Veidekke is to get the opportunity to use our
creativity and professional expertise, and through close interaction with the
client manage to develop excellent projects the market wants. The partnership
with Sartor Holding has been developed through many years, and we greatly
appreciate the confidence once again shown in us to develop and build yet
another project together. Now that Nygatakvartalet has started, we turn to the
next page in the 'book' and start the development of the next project and a new,
interesting journey," says District Manager Thor Småbrekke with Veidekke Bygg
Bergen.

Design work starts immediately. Construction is expected to start in June, with
occupation scheduled for February 2025.

For further information, please contact:
District Manager Thor Småbrekke with Veidekke Bygg Bergen, tel. +47 93 43 06 60,
thor.smaabrekke@veidekke.no
Communications Manager Helge Dieset, tel. +47 90 55 33 22,
helge.dieset@veidekke.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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