SBB acquires preschool portfolio in Norway with newly signed 35-year triple-net leases for NOK 4,250m

Samhällsbyggnadsbolaget I Norden AB (publ) ("SBB") acquires a larger portfolio of preschools from the Norwegian company Laeringsverkstedet, where Laeringsverkstedet is also the tenant, for an agreed property value of NOK 4,250m. The annual rental income for the 138 properties included in the transaction (approx. 114,000 sq m of building space and 601,000 sq m of plot) amounts to approximately NOK 251.4m and SBB's average adjusted contract length increases to nine years with the transaction. In connection with the transaction, Laeringsverkstedet will become a shareholder in SBB and the parties will commence an in-depth long-term collaboration where SBB will support Laeringsverkstedet's expansion in the Nordic region.

“This deal further strengthens our position as a market leader in the Nordic region in social infrastructure with a special focus on the absolute core business of the welfare states; healthcare, schools and care. It is also important to emphasise that over 80 per cent of the properties are adjacent to Norway's metropolitan regions and that the number of children aged zero to five is expected to increase by almost ten per cent in Norway until 2035. We also see that the deepened cooperation with the Nordic region’s leading preschool operator Laeringsverkstedet will generate additional investment opportunities to contribute to a strengthened social infrastructure throughout the Nordic region," says Ilija Batljan, CEO and Founder of SBB.

The transaction is financed at completion by NOK 2,850m in cash and by NOK 1,400m in D-shares, which are intended to be issued at a price of SEK 31 per D-share. Completion is scheduled for 31 August 2020.

For further information, please contact:

Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.se

This information is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on July 3, 2020, at 07:00 CET.

About Samhällsbyggnadsbolaget i Norden AB (publ)

The company’s strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. At the beginning of 2018, SBB was named the winner of the Real Estate Company of the Year Award for 2017. The company’s series B shares (short name SBB B) and D shares (short name SBB D) are listed on Nasdaq Stockholm, Large Cap. The company’s preference shares (SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se / +46 84638300). More information about the company is available at www.sbbnorden.se.

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