2012-02-10 10:02:09 -

At the February/March turn of the month Veidekke Entreprenad will start work on
building the first of Diligentia's new commercial buildings in the new Masthusen
city district in Malmö. It will be an office building with space of around one
hundred employees with shops on the ground floor. The value of the contract is
approx. SEK 110 million excluding VAT.


"We are currently developing the new city district of Masthusen in Malmö's
Västra Hamnen. It is to become a city district that is alive around the clock.
The assignment of building the first commercial building requires a professional
project group. That was why we chose Veidekke," says Andreas Ivarsson, market
area manager for Diligentia in Malmö.

The block will be built in accordance with Breeam Communities guidelines, which
entail that one   considers sustainability in its entirety. This includes the
social environment, accessibility, and that the buildings should use as few
resources as possible.

The office building is to be heated using geothermal heat, and will have a floor
area of approx. 9,300 m(2) whereof approx. 7,000 m(2) are offices and 1,800 m(2)
shops. The building will be six storeys high and have a dark brick and limestone
façade. Takeover will take place in December next year.

"Town planning with important players such as Diligentia requires Veidekke to
involve our partners early so that everything gets off to a good start. This
applies to both choosing our own employees and our choice of suppliers and
partners," says Ulf Sterner, regional manager of Veidekke Entreprenad.

For more information, please contact:
Andreas Ivarsson, Market Area Manager, Diligentia Malmö, Telephone:
+46 40-20 63 41,andreas.ivarsson@diligentia.se
Ulf Sterner, Regional Manager, Veidekke Entreprenad, Telephone:
+46 70-3244563,ulf.sterner@veidekke.se
Max Ney, Communications Manager, Veidekke Sweden, Telephone:
+46 70-440 20 21,max.ney@veidekke.se



Veidekke is one of Scandinavia's largest contractors with 6,100 employees and a
turnover of NOK 16.3 billion (2010). 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 characterized by a
decentralized organizational model with a strong corporate culture and a high
degree of employee involvement. Over half the employees are co-owners, holding
almost 20% of Veidekke'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 acc. to §5-12 vphl
(Norwegian Securities Trading Act)






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Source: Veidekke ASA via Thomson Reuters ONE

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