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2015-09-15

Selvaag Bolig ASA: Proposed adjustment of bond loan and summons of a bondholders meeting

Selvaag Bolig ASA (the "Company
") is proposing an adjustment in its NOK 500 million Senior Unsecured Bond
Issue 2013/2018 with ISIN NO 001 068372.5 (the "Bond Issue
") to clarify interim dividend payments in accordance with the previous
information provided by the Company.

The proposed adjustment is subject to approval of a bondholders meeting, which
will be held on 29 September 2015. The Company has received commitments from
the largest holders of the bonds in the Bond Issue to vote in favour of the
proposed adjustment at the bondholders' meeting.

See the attached summons of the bondholders meeting for further information.

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.

Summons
http://hugin.info/148038/R/1946891/709945.pdf

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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

HUG#1946891

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