Betonmast, a subsidiary of AF Gruppen, has signed a letter of intent with
Trondheim Municipality for the construction of the Heimdal health and welfare
centre and library in Trondheim. The agreement, which is a turnkey contract with
a collaborative approach, has an estimated value of approximately NOK 450
million excluding VAT.

The project involves the construction of a new health and welfare centre in
Heimdal, Trondheim, with a total area of around 15,000 square metres. The new
centre will include 72 patient rooms and a new zone office for home care
services, as well as a district library. The building will comprise three
storeys above ground and a two-level underground car park. The health and
welfare centre will be certified as Very Good under the new BREEAM-NOR standard.
The building will meet passive house standards, and there is a requirement for a
partially emission-free construction site.

"We greatly appreciate the confidence shown by Trondheim Municipality. The
project combines essential community functions with high ambitions for
sustainability and collaboration, and we look forward to developing excellent
solutions in close cooperation with the client," says Peter Sandrup, CEO of
Betonmast.

The parties are now entering a collaboration phase that will run until April. A
construction contract will then be signed based on a revised price. The project
is subject to final political approval, and the contract value will only be
included in the order backlog upon signing of the construction contract.

Construction work is expected to start in summer 2026, with project completion
planned for November 2028.

For further information:
Peter Sandrup, CEO Betonmast, tel. +47 915 88 645
Bård Frydenlund, EVP Sweden and Betonmast at AF Gruppen, tel. +47 918 68 621