Veidekke ASA : Veidekke to build Vardeheia parking facility in Grimstad

Today Veidekke Entreprenør has entered into a contract with Grimstad municipality to build a rock cavern parking facility in Grimstad municipality. This will be a turnkey contract valued at NOK 105 million, excluding VAT. The parking facility will be located in the centre of Grimstad and will have 305 spaces. Veidekke Entreprenør will build two parallel rock caverns with parking over two storeys, an access tunnel with ramps and pedestrian tunnels. The turnkey contract includes options for a total of three such pedestrian tunnels from the facility and to the centre of Grimstad. Planning work has already started, while construction starts in the middle of February and will be completed for the summer holiday in 2015. For more information please contact: Project Manager Tor Harald Haugen, tel. +47 95 21 82 33, tor- District Manager Stein Bjøru, tel. +47 950 20 560, Communications Manager Helge Dieset, tel. 90 55 33 22, Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of NOK 20 billion (2012) 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. From Veidekkes parking facilities in Arendal: This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire 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 GlobeNewswire [HUG#1753444]