SBB sells 25 percent of the shares in Solon Eiendom Holding AS to OBOS

Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) and OBOS currently own Solon Eiendom Holding AS (“Solon Holding”) as a jointly owned company. Solon Holding in turn owns 100 percent of the shares in Solon Eiendom AS ("Solon"). SBB is selling shares corresponding to 25 percent of the total number of shares in Solon Holding to OBOS. The deal is subject to competition approvals. The purchase price in the transaction is NOK 818.6 million.

“SBB has a strong focus on reducing its exposure in JV companies and focusing on its core business. The transaction is another step in that direction. At the same time, we are happy about our collaboration with OBOS, which is a long-term and reliable member-owned housing developer,”says Krister Karlsson, Deputy CEO and Head of Projects and Property Development, Samhällsbyggnadsbolaget i Norden AB.

“We continue the work with strategic collaborations regarding the development of good and attractive housing for OBOS members. Solon is building attractive homes with high quality and exciting architecture, and as the main owner we look forward to being able to continue to develop Solon,”says Ingunn Andersen Randa, Executive Vice President, responsible for equity investments at OBOS.

For further information, please contact:

Krister Karlsson, Deputy CEO and Head of Projects and Property Development, Samhällsbyggnadsbolaget i Norden AB, krister@sbbnorden.se

Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading property company in social infrastructure. The Company’s strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company’s series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.