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Selvaag Bolig ASA: Purchase of treasury shares

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Selvaag Bolig ASA purchased 1 000 treasury shares on 18 October 2016. The shares were purchased at an average price of NOK 40.00. The shares were purchased for the company's share programmes for employees.

After the transaction, Selvaag Bolig owns 573 774 treasury shares.

Please note: Future share purchases to the company's share programmes will only be announced at Oslo Børs' website www.newsweb.no.

Further information from
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.

www.selvaagboligasa.no/en

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.