Veidekke has been awarded the contract by Jernhusen to construct the Glasvasen office building with a unique architectural expression just next to Malmø Central Station. This will be a collaborative contract valued at SEK 165 million, excluding VAT.

The contract includes the erection of a six-storey office building that will have 6,000 square metres of office space and close to 1,000 square metres of retail premises at street level, in addition to a parking basement. The flexible office solution can house up 600 workplaces, depending on tenant requirements. On the street level there are plans for shops, restaurants and cafés.

The building will have en extremely modern expression courtesy of Kanozi Architects. Glasvasen will also be an environmentally friendly building with focus on low energy consumption and the use of sustainable materials. It will contain numerous high-tech innovative solutions, and will have environmental certification.

The project comprises the initiation of the Sødra Nyhamnen city district in Malmø. Work will begin in April, and the building is scheduled for completion in October 2015.

See more information on the project at www.glasvasen.se

For more information please contact:

Region Manager Ulf Sterner with Veidekke Bygg Syd, tel. +46 703 24 45 63, ulf.sterner@veidekke.se

Communications Manager with Helge Dieset with Veidekke ASA, tel. +47 90 55 33 22, helge.dieset@veidekke.no

Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of NOK 21 billion (2013) and 6,300 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, and road services. Our values are professional, honest, enthusiastic and ground-breaking. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterised by a strong corporate culture with employee involvement and co-ownership as important cornerstones. More than half of the employees are co-owners, holding around 20 per cent of the Group's shares between them. The company is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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