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2017-01-30

Solon Eiendom ASA: Solon Eiendom ASA - Final result of the Subsequent Offering

SOLON EIENDOM ASA

STOCK EXCHANGE ANNOUNCEMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SWITZERLAND OR THE UNITED
STATES

Solon Eiendom ASA - Final result of the Subsequent Offering

(Oslo, Norway, 30 January 2017) Reference is made to previous stock exchange
announcements and the prospectus (the "Prospectus") dated 12 January 2017
concerning, inter alia, the subsequent offering (the "Subsequent Offering")
of 666,666,666 new shares at a subscription price of NOK 0.15 per share in
Solon Eiendom ASA ("Solon" or the "Company", ticker "SOLON").

The subscription period for the Subsequent Offering expired on 27 January 2017
at 16:30 CET. At the end of the subscription period, the Company had received
subscriptions for a total of 116,304,309 new shares. This implies that the
underwriting consortium for the Subsequent Offering has subscribed for the
remaining 550,362,357 shares available in the Subsequent Offering. Thus, the
Subsequent Offering is fully subscribed.

The allocation of 666,666,666 new shares in the Subsequent Offering was
approved by the Company's board of directors on 30 January 2017 in accordance
with the allocation criteria set out in the Prospectus. A total of 91,647,267
new shares have been allocated to subscribers on the basis of exercised
subscription rights and 24,657,042 new shares have been allocated to holders
of subscription rights as a result of oversubscription. 575,019,399 new
shares have been allocated to subscribers without subscription rights, this
includes new shares allocated to the underwriting consortium for the
Subsequent Offering. The Subsequent Offering raised gross proceeds of NOK 100
million.

Cipriano AS, a company wholly owned by Einar J. Greve, vice chairman of the
Company's board of directors was allocated 34,397,647 shares in the
Subsequent Offering at a subscription price of NOK 0.15 per share, under the
underwriting agreement entered into in connection with the Subsequent
Offering. Following issuance of the new shares in the Subsequent Offering
Cipriano AS holds a total of 151,064,314 shares in the Company, equalling
approximately 1.6% of the issued share capital.

Letters of allocation will be distributed to investors today, which will give
notification of allocated new shares and the corresponding amount to be paid
by each subscriber. Payment for the allocated shares falls due on 2 February
2017.

DNB Markets, a part of DNB Bank ASA, Arctic Securities AS and SpareBank 1
Markets are engaged as managers for the Subsequent Offering.

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

Further information
Simen Thorsen
Chairman of the Board, Solon Eiendom ASA
E-mail:st@soloneiendom.no

Cell Phone: +47 918 86 886

Andreas Martinussen
Chief Executive Officer, Solon Eiendom ASA
E-mail:am@soloneiendom.no

Cell Phone: +47 400 00 405

About Solon Eiendom
Solon Eiendom is a Norwegian residential real estate development company
focusing on the Oslo and Akershus region. Solon Eiendom was established in
2006 by founder Simen Thorsen and investor Tore Aksel Voldberg. The company
has since its incorporation delivered 570 units with a corresponding sales
value of close to NOK ~3 billion and sold more than 800 units with a total
sales price of more than NOK ~4 billion. Solon is listed on Oslo Børs
(OSE:SOLON). More information
about Solon is available atwww.soloneiendom.no.

Important Information
The release is not for publication or distribution, in whole or in part
directly or indirectly, in or into Australia, Canada, Japan, Hong Kong
or the United States (including its territories and possessions, any
state of the United States and the District of Columbia).

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act. It is issued for information
purposes only, and does not constitute or form part of any offer or
solicitation to purchase or subscribe for securities, in the United States or
in any other jurisdiction. The securities mentioned herein have not been, and
will not be, registered under the United States Securities Act of 1933, as
amended (the "Securities Act"). The securities may not be offered or sold in
the United States except pursuant to an exemption from the registration
requirements of the Securities Act. The Company does not intend to register
any portion of the offering of the securities in the United States or to
conduct a public offering of the securities in the United States. Copies of
this announcement are not being made and may not be distributed or sent into
Australia Canada, Japan, Hong Kong or the United States. The issue, exercise,
purchase or sale of subscription rights and the subscription or purchase of
shares in the Company are subject to specific legal or regulatory
restrictions in certain jurisdictions. Neither the Company, DNB Markets,
Arctic Securities nor SpareBank1 Markets assumes any responsibility in the
event there is a violation by any person of such restrictions.

The distribution of this release may in certain jurisdictions be restricted by
law. Persons into whose possession this release comes should inform
themselves about and observe any such restrictions. Any failure to comply
with these restrictions may constitute a violation of the securities laws of
any such jurisdiction.

Solon_SEA20170130_FinalResultsSubsequentOffering
http://hugin.info/131219/R/2074541/779934.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: Solon Eiendom ASA via Globenewswire

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