Bonava

Environmental & Social Information • May 31, 2023

Press release, 31 May 2023

Bonava takes next step towards divestment of St. Petersburg operations

Bonava intends to divest its subsidiaries in St. Petersburg, and has reached an agreement with buyer RBI Group. Completion of the divestment is contingent on approval from authorities.

On 3 March 2022 Bonava announced that it would discontinue its operations in St. Petersburg, and has since worked intensely to do so in a responsible manner.

An agreement was today reached with development and construction company RBI Group to divest Bonava's subsidiaries in St. Petersburg. The gross proceeds are approximately RUB 3.3 bn (SEK 440 M). The deal is contingent on approvals from authorities. Under current conditions obtaining approvals is a complex process, which is expected to be completed during the third quarter 2023. The deal will not be recognised in Bonava's profit until closing and payment, at which time amounts will be finalised and communicated.

For more information, please contact:

Lars Granlöf, CFO lars.granlof@bonava.com Tel: +46 790 631 609

Susanna Winkiel, acting Head of Investor Relations susanna.winkiel@bonava.com Tel: +46 70 461 28 28

Fredrik Hammarbäck, Group Head of Press and Public Affairs fredrik.hammarback@bonava.com Tel: +46 739 056 063

This information is such that Bonava AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was issued for publication through the agency of the contact persons set out above on 31 May 2023, at 02:00 a.m. CEST.

Bonava is a leading residential developer in Europe with the purpose to create happy neighbourhoods for the many. The company is the first residential developer in Europe to receive approval from the Science Based Targets initiative for its climate targets. With its 1,900 co-workers, Bonava develops residential housing in Germany, Sweden, Finland, Norway, Estonia, Latvia and Lithuania, with net sales of approximately SEK 15.7 Bn in 2022. Bonava also has discontinuing operations in S.t Peterburg. Bonava's shares and green bond are listed on Nasdaq Stockholm.

For more information about us, visit: bonava.com

Bonava AB (publ) Lindhagensgatan 72, SE-102 22 Stockholm, Sweden Tel: +46 8 409 544 00 Corp. Reg. No.: 556928-0380 bonava.com