AF Gruppen — Major Shareholding Notification 2015

Nov 24, 2015

Disclosure of significant holding and primary insider notice

Disclosure of significant holding and primary insider notice

OBOS BBL ("OBOS") has today sold 4,000,000 shares in

AF Gruppen ASA ("AFG"), representing approx. 4,3

percent of the total outstanding share capital of AFG,

at NOK 126,50 per share. Following the sale, OBOS

holds 15 643 841 shares in AFG, representing 16.88

percent of the outstanding share capital in AFG.

As a consequence of the transaction OBOS has passed

the threshold of 20 percent of the outstanding share

capital, cf. The Securities Trading Act section 4-3

first paragraph.

OBOS is currently a primary insider in AFG and is

represented on the board of directors in AFG by Daniel

Kjørberg Siraj, CEO of OBOS.

OBOS has the ambition to continue to be a long-term

industrial owner of AFG and will continue to be

represented on the board of directors.

Oslo, 24. November 2015

OBOS BBL