Selvaag Bolig - Invitation to presentation of results for 2. quarter and 1. half year 2012

Selvaag Bolig ASA will publish its results for the second quarter and first half year 2012 on Wednesday, 29 August at 07:00 AM CET. The quarterly report and the presentation materials will be available on the company's homepage, www.selvaagbolig.no and www.newsweb.no, as well as through news agencies.

CEO Baard Schumann and CFO Haavard Rønning will present the company's results at 08:30 am CET at Hotel Continental, Stortingsgaten 24-26 in Oslo. The presentation will be held in Norwegian and transferred via live webcast. The link to the webcast can be found on the company's homepage.

Baard Schumann, CEO Selvaag Bolig

Phone: +47 940 80 000, e-mail: bas@selvaagbolig.no

Haavard Rønning, CFO Selvaag Bolig

Phone: +47 400 20 019, e-mail: hroe@selvaagbolig.no

Selvaag Bolig ASA is a residential developer that provides different housing concepts to suit aspirations of different households in and around main cities in Norway and over time in selected cities in Scandinavia. The Company's prime focus is the Greater Oslo area, Stavanger, Bergen and Stockholm; areas with large and growing populations. The Company acquires and develops new residential land plots, and controls the entire value chain from acquisition of the land plots to the sale and delivery of the residential units. The Company targets a delivery of 1,500 residential units per year, and has a land portfolio on which it can develop approximately 9,000 residential units. Selvaag Bolig targets broad customer groups through the residential living concepts Selvaag Start, Selvaag Hjem and Selvaag Pluss. The Company is headquartered at Løren in Oslo.