Selvaag Bolig ASA

Capital/Financing Update • Sep 15, 2015

Selvaag Bolig ASA: Proposed adjustment of bond loan and summons of a bondholders meeting

Selvaag Bolig ASA: Proposed adjustment of bond loan and summons of a bondholders meeting

Selvaag Bolig ASA (the "Company") is proposing an adjustment in its NOK 500

million Senior Unsecured Bond Issue 2013/2018 with ISIN NO 001 068372.5 (the

"Bond Issue") to clarify interim dividend payments in accordance with the

previous information provided by the Company.

The proposed adjustment is subject to approval of a bondholders meeting, which

will be held on 29 September 2015. The Company has received commitments from the

largest holders of the bonds in the Bond Issue to vote in favour of the proposed

adjustment at the bondholders' meeting.

See the attached summons of the bondholders meeting for further information.

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#1946891]