SBB new major owner in SSM

Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) has, via a subsidiary, entered into an agreement with Eurodevelopment AG to acquire 11,600,000 common shares in SSM Holding AB (publ) (“SSM”). This corresponds to a holding of 29.55 per cent of the shares and votes in SSM as per today’s date. The total purchase price amounts to SEK 116,000,000. Closing is conditional upon an extra general meeting in SMM that approves the sale of the projects to Clear Real Estate Holding AB and the approval of the agreement for cooperation between SSM and Masugnen 1 Fastighets AB. Closing is expected to take place on 16 March 2020.

“SBB has one of Sweden’s largest building rights portfolios, corresponding to 20,000 to 24,000 apartments. This acquisition gives us further exposure to an expanding Stockholm,” comments Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB.

For further information, please contact:

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

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.