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Regulatory press release

AFG: Betonmast to build car facility in Gardermoen

AF Gruppen
AF Gruppen subsidiary Betonmast has signed a contract with Møller Eiendom and
Stokke Industri for the construction of a car facility adjacent to Oslo Airport
City in Gardermoen. The contract is a turnkey contract with a value of
approximately NOK 220 million, excluding VAT.

The project includes the construction of a new car dealership facility for
Volkswagen, Volkswagen Commercial Vehicles, Audi and SKODA across a total area
of 12,000 m2. The plans for this dealership facility will see it built to meet
the requirements of Energy Class A, and it will be certified in accordance with
the EU's taxonomy for sustainable buildings and in the BREEAM Very Good class.
Construction of the building will be delivered through the use of three load
bearing structures.

"Betonmast appreciates clients with clear environmental ambitions, so this
project suits us well. We're looking forward to a good partnership and to
starting the project," says Jørgen Evensen, CEO of Betonmast.

Construction is estimated to start in the third quarter of 2022, with handover
in the fourth quarter of 2023.


For further details, please contact:

Jørgen Evensen, CEO of Betonmast, tel.: +47 906 09 310
Bård Frydenlund, Executive Vice President, Sweden and Betonmast for AF Gruppen,
tel.: +47 918 68 621
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