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2016-02-17

Selvaag Bolig ASA: Notifiable trades for primary insiders

The following primary insiders aquired a total of 415 894 Selvaag Bolig shares
and sold a total of 56 500
Selvaag Bolig shares
on 16 February.

The trades were in accord with the company's incentive programmes approved by the extraordinary general meeting of 6 October 2015.
The shares had a purchace price of NOK 25.27 and NOK 24.50 per share respectively. The employees were given a compensation on the purchase price of 30 and 20% respectively for the decrease in share value resulting from the lock-up periods.

The price for the shares sold was NOK 24.12 per share.

The shares will be transferred from the company's holding of treasury shares.
After the transaction, Selvaag Bolig owns 44 106 treasury shares.

Number of shares:

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| Original holding Share purchase programme Share saving programme Sold New holding |
| Baard Schumann, CEO 64 748 143 931 2 551 0 211 230 |
| Sverre Molvik, CFO 37 250 67 839 2 551 20 250 87 390 |
| Øystein Klungland, vice president portfolio management 10 000 67 839 - 10 000 67 839 |
| Halvard Kverne. vice president portfolio management 6 250 67 839 2 551 6 250 70 390 |
| Kristoffer Gregersen, vice president communications 5 000 16 960 2 551 5 000 19 511 |
| Bård Teigland, vice president sales and marketing 15 000 16 960 2 551 15 000 19 511 |
| Petter Cedell, vice president property investment 656 5 653 - 0 6 309 |
| Christian Flølo Geithus, vice president portfolio management - 13 568 2 551 0 16 119 |
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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.

www.selvaagboligasa.no/en

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

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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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