Myresjöhus to build for HSB

BWG Homes ASA's subsidiary Myresjöhus AB has entered into an agreement with HSB for the delivery of 35 houses for HSB's residential project in Sundsvall, Sweden. HSB is Sweden's largest housing cooperation. The agreement covers the entire process, from development to completed houses ready to use, and has a contract value of approx. SEK 57 million.

Myresjöhus will provide 35 semi-detached houses to this residential project, located near the center of Sundsvall. The project is in the initial phase, and completion is planned for winter 2011/2012.

- We have found a partner who can meet our needs and who can assess the overall phase and supply the right products, comments Christer Berglund, CEO of HSB, Region Mitt.

- We are very pleased to have won this contract. Myresjöhus and HSB has for many years had a good cooperation in various parts of Sweden. We complement each other in terms of expertise and are constantly working on improvements for the benefit of the consumers, comments Mikael Olsson, CEO of Myresjöhus.

Contact information:
CEO Christer Berglund, HSB Mitt AB, Tel: +46 70 647 14 78
CEO Mikael Olsson, Myresjöhus AB, Tel: +46 70 602 15 77

CFO Arnt Eriksen, BWG Homes ASA, Tel: +47 23 24 60 37, +47 922 14 625
CEO Lars Nilsen, BWG Homes ASA, Tel: +47 23 24 60 00

About HSB
HSB Region Mitt offers a comprehensive range of property management and residential services. We manage over 200 condominium and a large number of public and private properties. We also sell new homes. HSB Region Mitt is a part of a nationwide housing cooperation with more than half a million members and nearly 4,000 housing societies.

About Myresjöhus
Myresjöhus AB is one of Sweden's leading producers of wooden houses. We deliver annually about 1,000 houses, through self-developed projects, partnerships with professionals and customers with their own plot of land. We have about 45 sale channels all over Sweden, and together with our sister company SmålandsVillan AB, we have about 11% market share and revenue of approximately SEK 1.6 billion. Myresjöhus and SmålandsVillan are owned by listed BWG Homes ASA.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.