Selvaag Bolig ASA

Capital/Financing Update • Sep 29, 2015

Selvaag Bolig ASA: Amended terms of bond loan

Selvaag Bolig ASA: Amended terms of bond loan

The bondholders of NOK 500 million Senior Unsecured Bond Issue 2013/2018 with

ISIN NO 001 068372.5 (the "Bond Issue") have approved Selvaag Bolig ASA's

("Selvaag Bolig" or the "Company") proposed amendments in the Bond Issue. The

amendments relate to the dividend covenant and will allow Selvaag Bolig to pay

dividend more than once a year.

The amendments to the Bond Issue were approved in a bondholders' meeting held on

29 September 2015. Pareto Securities AS has acted as advisor to the Company.

Further information from

Baard Schumann, CEO, Selvaag Bolig ASA

Telephone: +47 940 80 000, e-mail: bs@selvaagbolig.no

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.

[HUG#1955233]