16 Sep 2024 09:30 CEST

Issuer

AF Gruppen ASA

Betonmast, a company within AF Gruppen, has been selected by Lillestrøm
Municipality for the rehabilitation of Sten-Tærud School in Skedsmokorset. The
contract value is estimated to be around NOK 200 million, excluding VAT.

The contract is planned to be executed as a collaborative project in phase 1,
with continuation into phase 2. The contract value will be included in the order
backlog only when the final execution contract is signed.

Sten-Tærud is a two parallel 1st through 10th grade school that will be
converted into a two parallel 1st through 7th grade school. The project includes
the rehabilitation of brick buildings, including a gymnasium and swimming pool.
The total building area is approximately 7,000 m².

“Betonmast has extensive experience with school buildings. We look forward to
good collaboration with Lillestrøm Municipality and are excited to embark on a
new and exciting school project”, says Peter Sandrup, CEO of Betonmast.

Construction is estimated to start in the fall of 2025, with completion in 2027.


For further information:

Peter Sandrup, CEO of Betonmast, tel: +47 915 88 645
Bård Frydenlund, EVP Sweden and Betonmast for AF Gruppen, tel: +47 918 68 621


Source

AF Gruppen ASA

Provider

Oslo Børs Newspoint

Company Name

AF GRUPPEN

ISIN

NO0003078107

Symbol

AFG

Market

Oslo Børs