Veidekke ASA StatoilHydro has awarded a contract for construction work relating to upgrading of the processing facilities at the Kårstø processing plant to Veidekke Entreprenør AS, on behalf of operator Gassco.

The contract, which is part of the Kårstø expansion project (KEP 2010), has a value of approximately 120 MNOK excluding VAT.

It covers mainly site preparation, foundations for equipment and modules, road works, and a new concrete building for emergency generators including all facilities.

The construction work will start immediately, and is scheduled for completion in the course of 2009.

For further information, please contact:

District Manager Ingeir Slettemoen, Veidekke Entreprenør AS, mobile + 47 913 48 732 ingeir.slettemoen@veidekke.no Project Manager Kristian Senland, Veidekke Entreprenør AS, mobile + 911 28 356 kristian.senland@veidekke.no



VEIDEKKE ASA



Veidekke ASA is a leading Scandinavian contractor and property developer with 6,500 employees and an annual turnover of NOK 19.3 billion (2007). The group is listed on the Oslo Stock Exchange and has a broad ownership structure where the employees own 16% of the shares. Operations span a wide range of construction and works assignments, the development of housing and commercial property for both private and public clients, asphalt operations and road maintenance and collection and recycling of waste.

Veidekke ASA

www.veidekke.no

ISIN: NO0005806802

Stock Identifier: XOSL.VEI

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