Selvaag Bolig ASA

Transaction in Own Shares • Oct 19, 2016

Selvaag Bolig ASA: Purchase of treasury shares

Selvaag Bolig ASA: Purchase of treasury shares

Selvaag Bolig ASA purchased 1 000 treasury shares on 18 October 2016. The shares

were purchased at an average price of NOK 40.00. The shares were purchased for

the company's share programmes for employees.

After the transaction, Selvaag Bolig owns 573 774 treasury shares.

Please note: Future share purchases to the company's share programmes will only

be announced at Oslo Børs' website www.newsweb.no.

Further information from

Sverre Molvik, CFO, Selvaag Bolig ASA

Telephone: +47 401 00 585, e-mail: smo@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 60-year history and experience, and

offers a broad variety of property types marketed under the brand names Start,

Hjem and Pluss. The company is headquartered at Ullern in Oslo.

www.selvaagboligasa.no/en

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.