Selvaag Bolig ASA: Amended terms of bond loan

The bondholders of NOK 500 million Senior Unsecured Bond Issue 2013/2018 with ISIN NO 001 068372.5 (the "Bond Issue") have approved Selvaag Bolig ASA's ("Selvaag Bolig" or the "Company") proposed amendments in the Bond Issue. The amendments relate to the dividend covenant and will allow Selvaag Bolig to pay dividend more than once a year.

The amendments to the Bond Issue were approved in a bondholders' meeting held on 29 September 2015. Pareto Securities AS has acted as advisor to the Company.

Further information from
Baard Schumann, CEO, Selvaag Bolig ASA
Telephone: +47 940 80 000, e-mail: bs@selvaagbolig.no

Sverre Molvik, CFO, Selvaag Bolig ASA
Telephone: +47 401 00 585, e-mail: smo@selvaagbolig.no

Selvaag Bolig ASA is a residential property developer controlling the entire value chain from acquisition of land to sale of homes. The company has several thousand homes under development at any given time, and focuses on the growth areas in and around Greater Oslo, Bergen, Stavanger and Trondheim. Selvaag Bolig represents a continuation of Selvaag's 60-year history and experience, and offers a broad variety of property types marketed under the brand names Start, Hjem and Pluss. The company is headquartered at Ullern in Oslo.