Erik Økland (56) will take over as Director of Veidekke Construction Oslo on
September 1st. He has already been acting in the role for the past year,
covering for Anders Haugen, who is moving into a new position as Executive Vice
President of Veidekke Infrastructure.

Erik Økland is one of the most experienced leaders in Veidekke Construction,
with a broad background in both project management and departmental leadership
from various roles since joining Veidekke in 1996. He holds a Master of Science
in Engineering from NTNU in Trondheim and lives in Asker.

"I am very pleased to have Erik continue as head of Veidekke Construction in
Oslo. He has been a key contributor to our strong position in the Oslo region
for nearly 30 years, and over the past year he has shown that he is the right
person to lead our construction business in what is our largest market. At the
same time, I would like to take this opportunity to thank Anders Haugen for his
significant contributions to Veidekke Construction over many years and wish him
the best of luck as Executive Vice President of Veidekke Infrastructure," says
Hans Olav Sørlie, Executive Vice President of Veidekke Construction.

For further information, please contact:

Helge Dieset, Communications Manager, Veidekke, tel. +47 90 55 33 22,
helge.dieset@veidekke.no

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Veidekke (http://www.veidekke.no) is one of Scandinavia's largest contractors.
In addition to undertaking all types of building and civil engineering
assignments, the group also maintains roads and produces asphalt and aggregates.
Veidekke emphasises stakeholder involvement and local experience. Its annual
turnover is approximately NOK 41 billion, and half of its 8,000 employees own
shares in the company. Veidekke is listed on the Oslo Stock Exchange and has
posted a profit every year since its inception in 1936.