MANDATORY NOTIFICATION OF TRADE

On 19 November 2010 Stiftelsen Veidekkeansattes aksjekjøp (the Veidekke Employee Share Trust) purchased 187 847 Veidekke shares at a price of NOK 49.0965 each. The Trust now holds 1 354 003 Veidekke shares.

The shares will be resold to the employees in the sale of shares to all Veidekke employees in November 2010.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)