Veidekke has been commissioned by the Swedish Transport Administration to
convert the Hindsberg-Muggebo section of E20 near Mariestad into a 2+2 road. The
project is an execution contract to a value of approx. SEK 550 million and is
expected to be completed in spring 2027.

Veidekke's assignment includes the construction of approx. 5.1 km four-lane
motorway with a central barrier, as well as two traffic areas with bridge
renovations and a traffic control point. The project also includes a pedestrian
bridge, a bridge over the river Tidan, a fauna bridge and a bridge to
accommodate a private road. The new road section connects to the E20 sections
Götene-Mariestad to the south and Muggebo-Tjos to the north.

"This is an important and highly prioritised remodelling that will improve road
safety and expand options for commuting to work and for transport in general. We
look forward to starting work on this stage together with Veidekke," says Håkan
Sonesson, project manager at the Swedish Transport Administration.

"It is inspiring to be able to contribute to the E20 development in this region,
and we are eager to get the project going. We look forward to cooperating
closely with the Swedish Transport Administration on this important public
project," says Gustav Brandstedt, project manager at Veidekke Anläggning
SydMitt.

"We are happy to boost Veidekke's presence in the region through this project.
Over the years, we have completed several strong projects with the Swedish
Transport Administration, and I am confident that, together, we will deliver yet
another project that provides value to all parties," says Peter Svenningsson,
regional manager at Veidekke Anläggning SydMitt.

The project is one of three remaining stages of the E20 development, which will
improve traffic safety, contribute to regional growth and improve transport
conditions on one of Sweden's most important roads. Improved road safety and
accessibility for both goods and people help link the country's different
regions together.

The contract is included in the Q1 2024 order book.

More about E20 past
Mariestad (https://bransch.trafikverket.se/en/startpage/projects/Road
-construction-projects/e20-forbi-mariestad/)

For more information, contact:

Marcus C Nilsson, EVP Veidekke Infrastructure Sweden, ph. +46 76 840 05 56
Jørgen Wiese Porsmyr, CFO Veidekke ASA, ph. +47 907 59 058

Veidekke press photos  (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
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Veidekke 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 39 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.

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© Oslo Bors ASA, source Oslo Stock Exchange