Approved financial statements 2012

The Board of directors in BWG Homes ASA has approved the consolidated financial statements, the parent company`s financial statements and the Board of Directors` report for 2012.

Earnings before finance and depreciations (EBITDA) were NOK 413.7 million. Consolidated net earnings after write-down of goodwill were negative at NOK 174.5 million. This corresponds to the preliminary statements for 2012 published on 14 February 2013.

The Annual Report will be published on www.bwghomes.no primo May together with the notice for the Annual General Meeting which will be held on 24 May 2013.

Contact person:

Arnt Eriksen, CFO, tel: +47 23 24 60 37, +47 922 14 625

BWG Homes develops, sells and constructs residential homes in the Nordic region. The brands owned by the Group are Block Watne and Hetlandhus in Norway, Myresjöhus and SmålandsVillan in Sweden. Ranked as a leading residential house builder in its markets, the Group annually completes approx. 2 000 new homes through own residential projects and for individual customers. BWG Homes has 1 015 employees. In 2012 the turnover was NOK 3.5 billion.

About Us

BWG Homes develops, sells and constructs residential homes in the Nordic region. The brands owned by the Group are Block Watne and Hetlandhus in Norway, Kärnhem, Myresjöhus and SmålandsVillan in Sweden. Ranked as a leading residential house builder in its markets, the Group annually completes approx. 2 000 new homes through own residential projects and for individual customers. BWG Homes has approx. 1 000 employees. In 2013 the operational turnover was NOK 3.9 billion. BWG Homes is a company in the OBOS Group.

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