Veidekke to build apartments at Kolbotn

Veidekke Entreprenør's district office in Follo/Indre Østfold has entered into agreements for new building contracts with a value of NOK 230 million excluding VAT. The largest contract is with Strandliveien AS and is for the construction of 106 apartments at Kolbotn in Oppegård municipality outside Oslo. The apartment project at Kolbotn consists of five buildings, each five storeys in height in addition to a basement garage. The total gross floorage will be approx 15,000 m(2) (10,300 m(2) gross area). The architect is Petter Bogen Arkitektkontor AS. The contract has a value of NOK 194 million excluding VAT and is a turnkey project. The builder Strandliveien AS is a company where Malthe Winje Eiendom AS and Veidekke Eiendom AS each own a 50% share. Building commences in the first quarter of 2010 and is to be completed in the autumn of 2011.  55 of the 106 apartments have already been sold. Øståsen Son is a residential project with ten apartments in two buildings. Six flats have already been sold. The gross area is 606 m(2). The principal is Veidekke Bolig AS and the contract has a value of NOK 8.7 million excluding VAT. Construction commences in February and is to be completed in October 2010. Norwegian Outlet at Vestby has entered into an agreement for an additional building that is to contain three stores with a total gross area of 3,000 m(2). The principal is Big Box Vestby AS, and the contract is worth NOK 16.7 million excluding VAT. Building commences in February and is to be completed in June 2010. Skogveien 22-28 at Ås is two residential structures with a total of 28 apartments which are to be refurbished. The principal is Studentsamskipnaden på Ås (SiÅs), and the contract is worth NOK 9 million excluding VAT. Building commences in January and is to be completed in October 2010. For more information please contact: District manager Per-Inge Heen, Veidekke Entreprenør AS, tel +47 90 15 12 91, For the project at Kolbotn project manager Morten Johansen of Malthe Winje Eiendom AS may also be contacted on tel +47 66 99 61 00, Veidekke ASA is a leading Scandinavian building contractor and property developer with 6,250 employees and turnover of NOK 19.4 billion (2008). The group is listed on the Oslo Stock Exchange and has a dispersed ownership structure with the employees owning 18% of the stock. The business spans a wide spectrum of building and construction projects, developing housing and commercial buildings for private and public sector clients, asphalt plants and road maintenance as well as collecting and recycling waste. This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) [HUG#1372182]