Veidekke ASA: Major contract for Veidekke in Vestfold County

The municipality of Re has awarded Veidekke Entreprenør the contract to build a new care home with 116 spaces in Re in Vestfold County. This will be a turnkey contract valued at NOK 276 million, excluding VAT. The new care home will be in Revetal, which is the centre of Re municipality. Floor­ space will total 16,000 m(2) over three levels and a cellar. The building will include all of the services related to care for the elderly provided by the municipality, and it will replace older buildings that are currently used for the purpose. The new care building is a major effort on the part of Re municipality, and it is primarily intended to be a building that will ensure good services well into the future. The combining of care for the elderly in a new, fully modern building in Revetal will provide the municipality with more treatment spaces to cover increasing demand, more flexible solutions tailored for today's care requirements and possibilities for more rational and efficient operations. "We are obviously very happy that we have been chosen as contractor for this assignment. We have been through a good process with the municipality, and we look forward to starting construction," says District Manager Erland Johansen with Veidekke. Building will commence in the beginning of February, and the building will be ready for use in the autumn of 2014. For more information please contact: District Manager Erland Johansen, Veidekke Entreprenør, Vestfold, tel. +47 92 49 24 87, Communications Manager Helge Dieset, Veidekke ASA, tel. + 47 21 05 77 91 / 90 55 33 22, Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of 18 billion (2011) and 6,500 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates and road maintenance. Our values are professional, honest, enthusiastic and pioneering. 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% of the Group's shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss 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. Illustration: This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Veidekke ASA via Thomson Reuters ONE [HUG#1675268]