Magnolia Bostad recruits Clas Hjorth

Magnolia Bostad employs Clas Hjorth to head its hotel development. His first project will be to
lead the development of a new hotel at Frihamnen in Gothenburg.

Clas Hjorth has worked for many years in the real estate industry and comes most recently from DTZ
where he was the Head of Corporate Finance. Before this he was the President of Home Properties, and
before that he was CFO of Hufvudstaden and Diligentia.

In the fall of 2014, Gothenburg Municipality named Magnolia Bostad one of the winners of the land
allocation competition for the renovation of Frihamnen. Magnolia Bostad will develop around 150 rental
apartments and a hotel that will have approximately 300 guest rooms, a conference facility and a
restaurant. Clas Hjorth will head the development of this hotel.

“I would like to warmly welcome Clas to our team. He will make an invaluable contribution to
Magnolia Bostad’s organization with his extensive background and broad network in the real estate
industry as well as his knowledge about hotel development. I am very pleased that he will be leading
the development of the hotel at Frihamnen,” says Fredrik Lidjan, CEO of Magnolia Bostad.

For more information, please contact
Fredrik Lidjan
CEO
+46 (0)70 223 43 47
fredrik.lidjan@magnoliabostad.se

Magnolia Bostad was founded in 2009 with the vision of creating modern homes and residential environments
through smart functions and attractive architecture. The company develops new housing, both rental apartments
and tenant-owned apartments, mainly in attractive locations in Sweden’s larger cities and regional capitals. We
operate with a holistic view that aims to achieve long-term sustainable development for the society at large. The
project portfolio encompasses more than 5,700 homes. Magnolia Bostad is listed on Nasdaq First North. Pareto
Securities is engaged as the Certified Adviser for the Company.

More information about Magnolia Bostad can be found at www.magnoliabostad.se

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About Us

Magnolia Bostad AB, CIN 556797-7078 develops new residential properties, including rental apartments, tenant-owned apartments, residential care housing, hotels and student housing, in attractive locations in Sweden's growth areas and major cities. Our work is based on a holistic approach where the operations are conducted in a manner that promotes long-term, sustainable urban development. Magnolia Bostad's shares (MAG) are listed on Nasdaq Stockholm. More information is available at www.magnoliabostad.se

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