MANDATORY NOTIFICATION OF TRADE

On 16 November 2011 Stiftelsen Veidekkeansattes aksjekjøp (the Veidekke Employee Share Trust) purchased 210 000 Veidekke shares at a price of NOK 39.7943 each. The Trust now holds 1 455 484 shares.

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