MANDATORY NOTIFICATION OF TRADE

On 15 November 2011 Stiftelsen Veidekkeansattes aksjekjøp (the Veidekke Employee Share Trust) purchased 120 784 Veidekke shares at a price of NOK 39.9616 each. The Trust now holds 1 233 434 shares.

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