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Regulatory press release

AFG: Selected for construction of kindergarten and respite care facility on Nøtterøy

AF Gruppen
Betonmast, a subsidiary of AF Gruppen, has been selected by Færder Municipality
to build a new kindergarten and respite care facility for children and
adolescents on Nøtterøy in Færder Municipality. The contract, which is a turnkey
project, is valued at approximately NOK 165 million excluding VAT.

The project includes the design and construction of a new kindergarten and
respite care facility, as well as the demolition of the existing kindergarten
and the design and development of associated outdoor areas and necessary
infrastructure. The total development area is approximately 4,900 square meters
GFA.

"We greatly appreciate the trust Færder Municipality has placed in us. This is
an important community building that will provide children and adolescents on
Nøtterøy with safe and secure surroundings for many years to come, and we look
forward to contributing our expertise to the execution of the project," says
Peter Sandrup, CEO of Betonmast.

The contract is expected to commence in December, following the expiry of the
standstill period. Construction work is scheduled to start in the first quarter
of 2026, with project completion during the first half of 2027.

For further information:
Peter Sandrup, CEO Betonmast, tel. +47 915 88 645
Bård Frydenlund, EVP Sweden and Betonmast at AF Gruppen, tel. +47 918 68 621
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