MANDATORY NOTIFICATION OF TRADE

Eiliv Lokna Staalesen, a primary insider in Veidekke ASA, has on 10 November 2010 sold 17 668 Veidekke shares at a price 51.00 NOK. After this transaction Eiliv Lokna Staalesen owns 19 600 shares in Veidekke.

The reason for the sale is down payment of loans connected to the shares, as he with effect from 31 January 2011 will leave his position in Veidekke to start his own local firm in Haugesund.

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