Selvaag Bolig ASA

AGM Information • Nov 14, 2014

To the shareholders of Selvaag Bolig ASA Oslo, Norway, 18. November 2014

Dear shareholder

Notice of extraordinary general meeting (EGM)

The board of directors of Selvaag Bolig ASA ("the company") hereby gives notice of an extraordinary general meeting.

Time: 9 December 2014 12.00 (CET) Place: Silurveien 2, NO-0311 Oslo, Norway

The following agenda is proposed by the board of directors for the general meeting:

• 1. Opening of the meeting by chair of the board Olav H. Selvaag, including taking the register of shareholders present
• 1. Election of the chair for the meeting and a person to co-sign the minutes
• 1. Approval of the notice and the agenda
• 1. Election of a director

When Ole Rettedal stepped down from the board of the company, the nomination committee has been searching for a new candidate. The nomination committee has now concluded this process, and has recommended to the general meeting that it elects Peter Groth to the board of Selvaag Bolig ASA.

The company has [93 765 688] issued shares, each of which carries one vote. At the date of this notice, the company does not hold any of its own shares.

The board of directors would request that all shareholders who wish to attend the general meeting fill in and submit the attached registration form no later than two days before the general meeting. Shareholders may also register online via Investor Services or the company's website at www.selvaagboligasa.no

Shareholders who cannot attend the general meeting in person may authorise the chair of the board to act as their proxy by completing and submitting the attached proxy form, or appoint another person to vote for their shares. The appointment of a proxy must be made in writing, dated and signed, and submitted at the latest when the general meeting

Shareholders are entitled to move resolutions on issues under consideration by the general meeting. They are also entitled to be accompanied by advisers, and may give one such adviser the right to speak.

A shareholder may require that the directors and the chief executive provide available information to the general meeting on matters which may affect the assessment of items presented to the shareholders for decision. The same applies to information on the company's financial position and other business to be transacted at the general meeting, unless the information requested cannot be disclosed without causing disproportionate harm to the company.

Information concerning the general meeting, including this notice with attachments and the company's articles of association, is available on the company's website at www.selvaagbolig.no/investor.

Yours faithfully, for the board of directors of Selvaag Bolig ASA Olav H Selvaag Chair