AF Gruppen — Share Issue/Capital Change 2014

Jun 10, 2014

AF Gruppen (AFG) Contemplated secondary sale of shares in AF Gruppen ASA

AF Gruppen (AFG) Contemplated secondary sale of shares in AF Gruppen ASA

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN

WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN

AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES

OBOS Invest AS ("OBOS") hereby announces a

contemplated secondary sale of up to 2,300,000

existing shares in AF Gruppen ASA ("AFG") which

comprises approx. 2.6% of the outstanding share

capital.

The price per share in the secondary sale will be

determined through an accelerated book-building

process. The minimum order has been set to the number

of shares that equals an aggregate purchase price of

at least the NOK equivalent of EUR 100,000.

The book-building period commences today, 10 June

2014, at 16:30 CET and may close at any time on short

notice. OBOS may complete or terminate the secondary

sale at its own discretion.

Fondsfinans has been appointed as sole book-runner

for the secondary sale, and can be contacted at +47

23 11 30 37 (Hans A. Bale).

OBOS is currently a primary insider in AFG and is

represented on the board of directors in AFG by

Daniel Kjørberg Siraj, Executive Vice President of

OBOS.

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

industrial and main owner of AFG for the foreseeable

future, and the sale is due to financial rebalancing

of OBOS portfolio.

Oslo, 10 June 2014

****

This press release does not constitute or form part

of an offer or solicitation to purchase or subscribe

for securities in the United States. The securities

referred to herein may not be offered or sold in the

United States absent registration or an exemption

from registration as provided in the U.S. Securities

Act of 1933, as amended. The Company does not intend

to register any portion of the offering of the

securities in the United States or to conduct a

public offering of the securities in the United

States. Copies of this announcement are not being

made and may not be distributed or sent into the

Australia, Canada, Japan or the United States.

This information is subject of the disclosure

requirements pursuant to section 5-12 of the

Norwegian Securities Trading Act.