Magnolia Bostad selects Wästbyggfor its project in Sollentuna

Magnolia Bostad has signed an agreement with Wästbygg for the construction of 90
apartments in Sollentuna. The contracting total amounts to SEK 114 million, excluding VAT.

Magnolia Bostad is planning a new residential area at Turebergs Allé just north of Sollentuna Centrum. The
project will consist of 90 tenant-owned apartments and includes commercial premises, for example for a
gym, on the ground floor. Sales will start during the fall and construction is planned to start in
January/February 2016.

“Magnolia Bostad is a completely new customer for Wästbygg and an interesting player on the
housing market. We are happy and proud that they have chosen us and we hope to establish a
long, mutually beneficial collaboration,” says Rickard Burman, head of housing in Stockholm at
Wästbygg.

“Cooperating with an established player like Wästbygg adds a sense of security as we approach
the start of construction on the project. Thanks to its strong presence in both the Greater
Stockholm area and Gothenburg, I believe there are good conditions in place to continue to work
closely with Wästbygg in the future,” 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 tenantowned
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 approximately 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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