Selvaag Bolig ASA

Selvaag Bolig ASA: Sold 209 homes worth NOK 1 104 million in third quarter

Selvaag Bolig sold 209 homes worth a total of NOK 1 104 million in the third

quarter of 2020. Sales for the first nine months amounted to 591 homes worth NOK

3 058 million.

"The level of interest in the market has been high, and we've sold particularly

well in Greater Oslo," says CEO Rolf Thorsen. "Stavanger has also made a

positive contribution."

"Our campaigns have hit the mark well, and laid the basis for more personal

customer follow-up. We're optimistic about further progress for the company. The

need for housing is as high as it was before, and too few homes are being built

in the Oslo area."

Net sales, adjusted for Selvaag Bolig's share of joint ventures, came to 178

homes worth NOK 910 million in the quarter and 483 homes worth NOK 2 450 million

for the first nine months.

During the quarter, Selvaag Bolig began construction of 196 units, completed 212

and delivered 212 to the buyer. At 30 September, it had 1 342 homes under

construction and 19 completed units which remained unsold.

During the first nine months, the company began construction of 242 units,

completed 404 and delivered 447 to the buyer.

Net sales for the third quarter of 2019 amounted to 159 homes worth a combined

NOK 756 million, while the gross figure was 192 units worth NOK 914 million.

During first nine months of last year, Selvaag Bolig had net sales of 613 homes

worth NOK 3 048 million. The gross figures were 739 and NOK 3 633 million

respectively.

Further information from

Rolf Thorsen, CEO, Selvaag Bolig ASA

Telephone: +47 901 19 373, e-mail: [email protected]

Sverre Molvik, CFO, Selvaag Bolig ASA

Telephone: +47 401 00 585, e-mail: [email protected]

Kristoffer Gregersen, vice president communication and marketing, Selvaag Bolig

ASA

Telephone: +47 957 75 593, e-mail: [email protected]

Selvaag Bolig ASA is a residential property developer which controls the entire

value chain from acquisition of land to sale of turnkey 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, and offers a broad variety of property types. The company's head

office is at Ullern in Oslo.

www.selvaagboligasa.no

This information is subject to the disclosure requirements specified in section

5-12 of the Norwegian Securities Trading Act.

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