Oslo Airport City (OAC) has awarded Veidekke Logistikkbygg the mission of
building an environmentally certified logistics facility to be leased to Oslo
Fryselager. The assignment is a turnkey contract worth approximately NOK 125
million excluding VAT.

- This will be a great project that we have had the pleasure of developing for
six months in close and good cooperation with Oslo Airport City and their
customer Oslo Fryselager. We see this as the start of a long and good
cooperation with OAC and we thank you so much for the trust, says General
Manager Roar Kristiansen of Veidekke Logistikkbygg.

The new facility, totaling 8,900 m2, is tailored for Oslo Fryselager's
operations and will give them significantly increased storage capacity to serve
existing and new customers. The building will be a future-oriented and modern
warehouse with a high technical standard, automation, opportunities for future
expansion and it will be environmentally certified according to BREEAM-NOR level
Good.

- We are very pleased to welcome Oslo Fryselager to Oslo Airport City. With
their business, we will have a solid player that complements and strengthens our
seafood and logistics cluster. Over the years, we have developed specialist
expertise in the development of refrigerated and frozen logistic buildings, and
we look forward to realizing the new facility in collaboration with Veidekke
Logistikkbygg, says CEO Henrik Danielsen of OAC.

Construction is scheduled to start in September with completion in the third
quarter of 2026. The contract will be included in Veidekke's order reserve for
the second quarter of 2025.

For further information, please contact:

Roar Kristiansen, General Manager of Veidekke Logistikkbygg, tel. +47 916 90
080, roar.kristiansen@veidekke.no

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

Henrik Danielsen, CEO of Oslo Airport City, tel. +47 465 00988,
henrik.danielsen@osloairportcity.no

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Veidekke (http://www.veidekke.com/) 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.