Selvaag Bolig ASA

Selvaag Bolig ASA: New CFO for Selvaag Bolig

Christopher Brunvoll has been appointed the new CFO for Selvaag Bolig. Currently

CEO of Urban Property Management AS, he has previously served as Selvaag Bolig's

chief controller.

"We've pursued a broad-based recruitment process, with many highly competent

applicants," reports CEO Sverre Molvik. "After a careful evaluation, our choice

fell on the candidate who knows both the sector and company best.

"Brunvoll possesses valuable expertise and experience which are important and

right for us, and will unquestionably help to strengthen our company even

further."

Born in 1977, Brunvoll has an MSc in accounting and auditing from the Norwegian

School of Economics and began his career with PricewaterhouseCoopers AS.

He became group financial controller at Selvaag Bolig in 2010 and was the

company's chief controller from 2014 to 2020. He also served as a worker

director for six years.

In 2020, Brunvoll became CEO of Urban Property, a partner company which owns

Selvaag Bolig's land bank.

Molvik will act as CFO until Brunvoll takes over from 1 May 2021 at the latest.

Further information from:

Sverre Molvik, CEO, Selvaag Bolig ASA

Telephone: +47 40 10 05 85, e-mail: [email protected]

Kristoffer Gregersen, vice president communications and market, Selvaag Bolig

ASA

Telephone: +47 95 77 55 93, e-mail: [email protected]

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 information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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