BWG Homes ASA - successful placement of new unsecured bond issue

BWG Homes ASA has successfully completed a new unsecured bond issue of NOK 350 million with maturity date in December 2016.

An application will be made for the bonds to be listed on Oslo Børs.

The net proceeds from the new bond issue will be used to refinance existing debt.

Arctic Securities, Nordea Markets and SEB Merchant Banking acted as joint lead arrangers in connection with the placement of the new bond issue.

For further information, please contact:

Lars Nilsen, CEO, tel. +47 23 24 60 00

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).

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.