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Regulatory press release

AFG: Building wastewater treatment plant in Fredrikstad

AF Gruppen
Reference is made to the notice to the stock exchange published on 24 August
2022, where FREVAR KF proposed AF Gruppen as design and build contractor with
interaction for phase 1 of a new treatment plant in Fredrikstad municipality.
Today, AF Gruppen has signed a contract with FREVAR KF for phase 2 (design and
engineering and execution). The contract value for phase 2 is NOK 1,081 million
excluding VAT.

The wastewater treatment plant will be located at Øra industrial area in
Fredrikstad and will comprise one building for pre-treatment and bio-treatment
with an administrative section, one building for sludge treatment and two
digestion tanks. The background for the project is increasing climate and
environmental challenges, a need for new and better treatment technology and
more stringent treatment requirements from the County Governor. The project aims
to meet sustainable, eco-friendly and climate-neutral goals.

Construction will start in June 2023, and handover is expected in April 2026.

"We have completed a good interaction phase where we have identified good
environmental and cost-effective solutions. The project has high ambitions in
terms of the environment and climate, and will ensure a treatment plant that
contributes to a cleaner Oslo fjord. We're looking forward to continuing the
partnership on building a new and modern treatment plant," says Amund Tøftum,
CEO of AF Gruppen.


For further details, please contact:

EVP Building: Tormod Solberg, tel. +47 950 59 495
CEO: Amund Tøftum, tel. +47 920 26 712
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