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Regulatory press release

AFG: Building a Biogas Plant in Voss

AF Gruppen
LAB Entreprenør AS, a company within the AF Gruppen, has been selected as the
contractor by BIR AS (Bergensområdets Interkommunale Renovasjonsselskap) for the
construction and infrastructure of a new biogas plant in Voss. The contract is a
turnkey project with an estimated value of approximately NOK 120 million
(excluding VAT).

The facility, which will convert organic waste into biogas, will be located at
Bjørkemoen in Voss. It comprises several buildings, technical infrastructure,
and external tanks to accommodate the process plant, which will be delivered as
a separate contract.

"We are very satisfied at being chosen as the contractor for this
forward-looking project by BIR. The project adheres to various environmental
requirements, including BREEAM certification, a fossil-free construction site,
and specific material usage criteria. These challenges will contribute to the
development of our organization", says Gard Kvalheim, CEO of LAB Entreprenør.

Construction work is scheduled to commence in early June 2024, with completion
expected by December 2025.

The final contract is subject to approval by the BIR board.


For further details, please contact:

CEO of LAB Entreprenør AS: Gard Kvalheim, tel. +47 907 54 394
EVP Building, AF Gruppen: Tormod Solberg, tel. +47 950 59 495
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