BWG Homes ASA is contemplating a new unsecured bond issue

BWG Homes ASA is contemplating the issuance of new unsecured bonds in the Norwegian bond market with maturity in December 2016.

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

Arctic Securities, Nordea Markets and SEB have been retained as joint lead arrangers of the contemplated 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

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.