Selvaag Bolig ASA

M&A Activity • Dec 23, 2019

Selvaag Bolig ASA: Selvaag Bolig has entered into transaction agreements to implement the sale of its land bank to Urban Property

Selvaag Bolig ASA: Selvaag Bolig has entered into transaction agreements to implement the sale of its land bank to Urban Property

The general meeting of Selvaag Bolig gave its approval on 9 December 2019 to the

agreement on selling a large proportion of the land bank to Urban Property.

Agreements to implement the transaction were entered into by the company today.

These transaction agreements accord with information in Selvaag Bolig's stock

exchange announcement of 18 November 2019 and the terms approved by the general

meeting. The transaction is due to be implemented around 21 January 2020.

Authority to determine the payment of dividend in connection with the

transaction has been given by the general meeting to the Selvaag Bolig board.

The dividend is due to be paid after completion of the transaction.

The board expects to take a final decision on the dividend and payment dates

around 21 January 2020, with subsequent disbursement to shareholders around 30

January 2020.

A separate announcement with key information on payment of the dividend will be

published as soon as final dates have been determined.

An updated presentation with more detailed information is attached to this

announcement.

Further information from

Sverre Molvik, CFO, Selvaag Bolig ASA

Telephone: +47 401 00 585, e-mail: smo@selvaagbolig.no

Kristoffer Gregersen, vice president communication and marketing, Selvaag Bolig

ASA

Telephone: +47 957 75 593, e-mail: kgr@selvaagbolig.no

Rolf Thorsen, CEO, Selvaag Bolig ASA

Telephone: +47 901 19 373, e-mail: rt@selvaagbolig.no

Selvaag Bolig ASA is a residential property developer which controls the entire

value chain from acquisition of land to sale of turnkey 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 70-year history and

experience, and offers a broad variety of property types. The company's head

office is at Ullern in Oslo.

www.selvaagboligasa.no

This information is subject to the disclosure requirements specified in section

5-12 of the Norwegian Securities Trading Act.

Important information

This announcement is not and does not form a part of any offer to sell, or a

solicitation of an offer to purchase, any securities of Selvaag Bolig ASA (the

"Company").

This announcement are not being made and may not be distributed or sent into any

jurisdiction in which such distribution would be unlawful or would require

registration or other measures.

The securities referred to in this announcement have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the "Securities

Act"), and accordingly may not be offered or sold in the United States absent

registration or an applicable exemption from the registration requirements of

the Securities Act and in accordance with applicable U.S. state securities laws.

Certain statements included within this announcement contain forward-looking

information, including, without limitation, those relating to forecasts,

projections and estimates, statements of management's plans, objectives and

strategies for the Company, such as planned expansions, investments or other

projects, management, as well as statements preceded by "expected", "scheduled",

"targeted", "planned", "proposed", "intended" or similar statements. Although

the Company believes that the expectations reflected in such forward-looking

statements are reasonable, these forward-looking statements are based on a

number of assumptions and forecasts that, by their nature, involve risk and

uncertainty. Various factors could cause our actual results to differ materially

from those projected in a forward-looking statement or affect the extent to

which a particular projection is realized. No assurance can be given that such

expectations will prove to have been correct. The Company disclaims any

obligation to update or revise any information in this notification, including

forward-looking statements, whether as a result of new information, future

events or otherwise.

The information, opinions and forward-looking statements contained in this

announcement speak only as at its date, and are subject to change without

notice. The Company does not undertake any obligation to review, update,

confirm, or to release publicly any revisions to any forward-looking statements

to reflect events that occur or circumstances that arise in relation to the

content of this announcement.

This announcement is for information purposes only and is not to be relied upon

in substitution for the exercise of independent judgment. It is not intended as

investment advice and under no circumstances is it to be used or considered as

an offer to sell, or a solicitation of an offer to buy any securities or a

recommendation to buy or sell any securities of the Company.