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Selvaag Bolig ASA: Dividend twice a year

The board of directors of Selvaag Bolig ASA wants to pay dividend twice a

"Our goal is to maximise the return to shareholders by increasing both the
value of their shares and the dividend we pay. The company's solid financial
position and good prospects mean that the board now wants to introduce a more
active dividend policy. It is accordingly proposing to pay dividend twice a
year rather than once," says CEO Baard Schumann.

Selvaag Bolig's goal is to pay a dividend of up to 50 per cent of its net
profit. The board of Selvaag Bolig ASA has proposed a payment of NOK 1.20 per
share for 2014, corresponding to 44 per cent of the net profit.

Further information from

Baard Schumann, CEO, Selvaag Bolig ASA
Telephone: +47 940 80 000,

Sverre Molvik, CFO, Selvaag Bolig ASA
Telephone: +47 401 00 585,

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

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


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Selvaag Bolig ASA via Globenewswire


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