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2014-05-12

BWG Homes: Tender offer from OBOS

The board of BWG Homes ASA has been informed that OBOS intends to make
a voluntary offer for all remaining shares in BWG Homes ASA. OBOS is
currently the largest shareholder with a shareholding of 32.99 per
cent.

Pursuant to its stock exchange notice of today, OBOS has entered into
pre-acceptances / agreements with a right to acquire shares in BWG
Homes ASA which implies that OBOS could be owner of about 60 percent
of the shares in the company. OBOS intends to make a voluntary offer
on all remaining shares in BWG Homes ASA at a price of NOK 15 per
share. The price is subject to adjustments in the event of capital
changes in the company, for instance in the event of dividend
distributions from the company. This implies that if the board's
proposal for dividend distribution for 2013 of NOK 0.25 is resolved
by the general meeting, the offer price will be NOK 14.75 per share.
Reference is made to the stock exchange notice from OBOS for further
details.

In accordance with applicable securities laws, the board of BWG Homes
ASA will make a public statement related to the voluntary offer from
OBOS. Such statement will be provided in due course and at the latest
one week prior to expiry of the voluntary offer acceptance period.

The board of BWG Homes ASA will consider the situation on an ongoing
basis and the company will inform the market and its shareholders if
and when required.

BWG Homes ASA has retained lawfirm Thommessen as its legal advisor in
this process.

Further information from:

Roar Engeland, chairman of the Board, tel: + 47 926 53 197

Ole Feet, CEO, tel: +47 900 91 230

BWG Homes develops, sells and constructs residential homes in the
Nordic region. The brands owned by the Group are Block Watne and
Hetlandhus in Norway, Kärnhem, Myresjöhus and SmålandsVillan in
Sweden. Ranked as a leading residential house builder in its markets,
the Group annually completes approx. 2 000 new homes through own
residential projects and for individual customers. BWG Homes has 1
040 employees. In 2013 the operational turnover was NOK 3.9 billion.
More information about the Group at www.bwghomes.no/en

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http://news.cision.com/bwg-homes/r/tender-offer-from-obos,c9583213

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