MANDATORY NOTIFICATION OF TRADE

On 17 November 2011 Stiftelsen Veidekkeansattes aksjekjøp (the Veidekke Employee Share Trust) purchased 200 000 Veidekke shares at a price of NOK 38.7931 each. The Trust now holds 1 665 634 shares.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.