New orders for BWG Homes February 2010

BWG Homes ASA secured a total net order intake of NOK 335.2 million during February, compared with NOK 257.1 million for February 2009, an increase of 30.3 per cent. The net order intake in February for segment Norway was NOK 209.4 million (NOK 168.4 million), up 24.4 per cent. The net order intake in February for segment Sweden was NOK 125.7 million (NOK 88.7 million), up 41.7 per cent.

The total net order intake for the year so far: BWG Homes ASA: NOK 591.5 million, up 39.4 %, segment Norway: NOK 360.6 million, up 33.3 %, Segment Sweden: NOK 230.9 million, up 50.2 %.

See also monthly development at http://www.bwghomes.no/en/Investors-relations/Financial-info/New-orders/ and enclosed graph "New orders per month" from 2006 till date.

Further information from:

Arnt Eriksen, CFO, BWG Homes ASA, tel: +47 23 24 60 37, +47 922 14 625.

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, Myresjöhus and SmålandsVillan in Sweden. BWG Homes sells and constructs homes through own residential projects and for individual customers. Ranked as a leading residential house builder in its markets, the group annually completes approx. 2 000 new homes. BWG Homes has 850 employees. In 2009 the turnover was NOK 2.5 billion.

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