Minutes of the Annual General Meeting

The Annual General Meeting of BWG Homes ASA was held on 26 May 2011 at 10:00 a.m. in Vika Atrium Conference Centre, Oslo. All proposals on the agenda were adopted according to the proposals from the Board of Directors and the Nomination Committee, including the Board's proposal regarding mandate to increase the company's share capital. The Board had decided, prior to the General Meeting, to reduce the mandate to NOK 10 million.

The shares will be traded ex dividend as from 27 May, and the approved dividend of NOK 0.90 per share will be paid out on 9 June 2011 to shareholders per 26 May 2011.

Minutes of the General Meeting is enclosed.