Selvaag Bolig ASA

Notice of Dividend Amount • Apr 15, 2015

Selvaag Bolig ASA: Dividend twice a year

Selvaag Bolig ASA: Dividend twice a year

The board of directors of Selvaag Bolig ASA wants to pay dividend twice a year.

"Our goal is to maximise the return to shareholders by increasing both the value

of their shares and the dividend we pay. The company's solid financial position

and good prospects mean that the board now wants to introduce a more active

dividend policy. It is accordingly proposing to pay dividend twice a year rather

than once," says CEO Baard Schumann.

Selvaag Bolig's goal is to pay a dividend of up to 50 per cent of its net

profit. The board of Selvaag Bolig ASA has proposed a payment of NOK 1.20 per

share for 2014, corresponding to 44 per cent of the net profit.

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#1911089]