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Regulatory press release

Veidekke: To build West Link subproject in Gothenburg

Veidekke
Veidekke has been commissioned by the Swedish Transport Administration to build
the Stora Hamnkanalen tunnel, a part of the West Link Project in central
Gothenburg. The contract value was estimated at SEK 280 million as at the start
of the procurement process, before completion of the design.

The contract comprises the construction of a concrete (approx. 54 metres) and
rock (approx. 16 metres) tunnel, which will cross Stora Hamnkanalen close to the
canal's Göta älv outlet. Work on the project starts immediately and is expected
to be completed in summer 2029.

"We are very happy to have been awarded another Västlänken subcontract. This is
testimony to the solid cooperation established with the Swedish Transport
Administration and to the expertise of Veidekke's project organisation to
execute such complex projects," says Fredrik Indevall, regional manager at
Veidekke Anläggning Väst.

Stora Hamnkanalen is the fourth and final construction contract in the Haga
stage of the West Link Project, which will provide Gothenburg with a coherent
commuter and regional railway network.

About Västlänken (https://bransch.trafikverket.se/en/startpage/projects/Railway
-construction-projects/The-West-Link-ProjectVastlanken/)

The contract is included in the Q3 2025 order book.

For more information, contact:
Jørgen Wiese Porsmyr, CFO Veidekke ASA, ph. +47 907 59 058

Veidekke press photos  (https://veidekke.fotoware.cloud/fotoweb/archives/5028
-Pressebilder-Veidekke/)
Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner
-pa-meldinger/)

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 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.
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