Veidekke ASA: Veidekke subsidiary to build office building in Stavanger

Block Berge Bygg AS has been awarded the contract to build a new office building in Stavanger for Rosenberggata 101 AS. This is a turnkey contract valued at NOK 155 million, excluding VAT. The project will be located at Bjergsted in Stavanger municipality. The building will total 10,300 m² over five floors including a garage. Architects are Rambøll Arkitektur and Plan AS in Stavanger. The project has been developed in collaboration between client, architect and contractor, and will be constructed with load-bearing pre-cast concrete façade elements of polished grey concrete. The solution provides a solid foundation for erecting an energy-efficient energy class A building. The building will also be BREEAM certified with the assessment "very good." The building will provide offices for employees of Centrica Energi. Construction will commence in January 2013, with occupancy scheduled for July 2014. "We continuously strive to develop our expertise in building energy and environmentally appropriate buildings based on our basic industrial idea. Success in winning this contract is particularly pleasing, and the project will contribute to our further development," says Managing Director Yngvar Karlsen of Block Berge Bygg AS. For more information please contact: Managing Director Yngvar Karlsen, Block Berge Bygg AS, telephone +47 51 78 99 00, Communications Manager Helge Dieset of Veidekke, mobile +47 905 53 322, 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. Block Berge Construction Ltd is one of Rogaland's leading turnkey contractors and a leading supplier of pre-cast concrete concepts. The company is fully owned by Veidekke ASA, has 325 employees, its own pre-cast concrete element plant at Klepp outside Stavanger and had a turnover of NOK 856 million in 2011. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Illustration1: 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#1666703]