Selvaag Bolig ASA

Transaction in Own Shares • Sep 7, 2021

Selvaag Bolig ASA: Buyback of own shares for employee share purchase programmes

Selvaag Bolig ASA: Buyback of own shares for employee share purchase programmes

The buyback covers the repurchase of up to 200 000 shares, corresponding to 0.2

per cent of the shares in Selvaag Bolig ASA. Shares bought back will be utilised

for the company's incentive programmes - the share purchase programme for

company management and the share saving programme for other employees.

Shares worth approximately NOK 12 million are to be purchased. The buyback will

take place during September 2021, starting on the 7th of the month. Buying will

take place in tranches, with daily purchases limited to a maximum of 25 per cent

of the average daily volume traded. The company will report its purchases every

seventh day until the volume of 200 000 shares has been reached.

The buyback accords with the mandate provided by the company's annual general

meeting in April 2021. For more information on this mandate, see item 11 in the

minutes of the AGM held on 27 April 2021. For information on the incentive

programmes, see page 31 in the company's annual report for 2020.

Shares acquired will be transferred to participants in the programmes in

December 2021. Those not allocated in December will be utilised in later rounds

of the share programmes.

Selvaag Bolig ASA has commissioned DNB Markets to implement the buybacks.

Further information from:

Sverre Molvik, CEO, Selvaag Bolig ASA

Telephone: +47 40 10 05 85, e-mail: smo@selvaagbolig.no

Kristoffer Gregersen, executive vice president communications and strategy,

Selvaag Bolig ASA

Telephone: +47 95 77 55 93, e-mail: kgr@selvaagbolig.no

Selvaag Bolig ASA is a residential property developer controlling the entire

value chain from acquisition of land to sale of homes. The company has several

thousand homes under development at any given time, and focuses on the growth

areas in and around Greater Oslo, Bergen, Stavanger and Trondheim. Selvaag Bolig

represents a continuation of Selvaag's 70-year history and experience. The

company is headquartered at Ullern in Oslo.

www.selvaagboligasa.no/en

This release was distributed by Kristoffer Gregersen, executive vice president

communications and strategy Selvaag Bolig ASA.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.