The Board of Directors of Samhällsbyggnadsbolaget i Norden AB broadens review of strategic options to maximize shareholder value

Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB" or the "Company") announces that the Board of Directors has decided to broaden its review of strategic options in order to maximize value for SBB's shareholders.

As part of this strategic review, the Board of Directors will consider options that can deliver maximum value for SBB's shareholders. Such options could include a sale of the company, business segments, or specific assets, as well as other strategic transactions. However, in line with the revoked issue of D-shares communicated as per 8 May 2023, the Board of Directors has decided that any new issue of ordinary A, B, or D shares is not in the scope of the review.

SBB has grown rapidly and profitably and held properties with a market value of SEK 134,419 million as of 31 March 2023. The Board of Directors views the intrinsic equity value of the business as significantly higher than SBB’s current market value. Therefore, the Board of Directors has decided that it is in the best interest of the shareholders to broaden its review of strategic options to determine which of the available alternatives maximize shareholder value, while at the same time safeguarding continued best-in-class service to the Company’s tenants.

The Board of Directors has retained J.P. Morgan Securities Plc. and Skandinaviska Enskilda Banken AB as financial advisors. Vinge has been appointed as legal advisor.

There can be no assurance regarding the results or outcome of the strategic review. Subject to compliance with ongoing disclosure obligations pursuant to applicable laws and regulations, SBB undertakes no obligation to make any further announcements regarding the strategic review until final decisions are made by the Company's Board of Directors.

For further information, please contact:
Helena Lindahl, Treasury director & IR, ir@sbbnorden.se

This information constitutes insider 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 persons set out above, on 29 May 2023 07:01 CEST.

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.