MANDATORY NOTIFICATION OF TRADE

On 14 November 2011 Stiftelsen Veidekkeansattes aksjekjøp (the Veidekke Employee Share Trust) purchased 65 014 Veidekke shares at a price of NOK 39.4923 each. The Trust now holds 1 110 650 shares.

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