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 2009. Consolidated earnings before tax (EBT) was NOK 116.8 million and earnings after tax was NOK 89.9 million as presented in the preliminary report 11 February 2010.

 

The Annual Report will be published on the company's website www.bwghomes.no primo May together with the notice for the Annual General Meeting which will be held on 27 May 2010.

 

The Board will propose that the general meeting resolve a reduction of the share premium reserve in BWG Homes ASA with NOK 1,000,000,000,- according to the Public Companies Act § 3-2 second paragraph, No. 4, and that the reduction amount shall in its entirety be allocated to other paid-in capital.

 

 

Contact person:

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

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)