NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION IN WHICH
SUCH DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS STOCK EXCHANGE NOTICE.

Det vises til børsmeldingen datert 11. juni 2012 vedrørende offentlig tilbud i
Selvaag Bolig ("Tilbudet") og tildeling av aksjer i Tilbudet.

Aksjekapitalforhøyelsen i forbindelse med Tilbudet har blitt registrert i
Foretaksregisteret, som resulterer i en aksjekapital i Selskapet på NOK
186 435 652, bestående av 93 217 826 aksjer, hver med pålydende verdi på NOK
2,00 og som hver representerer én stemme i Selvaag Boligs generalforsamling.

For ytterligere informasjon, vennligst kontakt:
Baard Schumann, administrerende direktør Selvaag Bolig
Telefon: +47 940 80 000, e-post: bas@selvaagbolig.no

Haavard Rønning, finansdirektør Selvaag Bolig
Telefon: +47 400 20 019, e-post: hroe@selvaagbolig.no

Om Selvaag Bolig:
Selvaag Bolig ASA er en boligutvikler som tilbyr ulike boligkonsepter tilpasset
ønskene til ulike husholdninger i og rundt store byer i Norge, og, med tiden, i
utvalgte byer i Skandinavia. Selvaag Bolig fokuserer særlig på Stor-Oslo-
området, Bergen, Stavanger og Stockholm; områder med stor og voksende
befolkning. Selskapet kjøper og utvikler nye boligeiendommer og kontrollerer
hele verdikjeden fra kjøp av eiendommene til salg og levering av ferdige hjem.
Selskapet har en målsetning om å levere 1500 boliger hvert år, og har en
tomteportefølje som kan benyttes til utvikling av rundt 9000 boliger. Selvaag
Bolig retter seg mot en bred kundegruppe gjennom boligkonseptene Selvaag Start,
Selvaag Hjem og Selvaag Pluss. Selskapets hovedkvarter er på Løren i Oslo.

Important Notice
The contents of this announcement have been prepared by, and are the sole
responsibility of, the Company. The Company's financial advisors are acting
exclusively for the Company and no one else, and will not be responsible to
anyone other than the Company for providing the protections afforded to their
respective clients, or for advice in relation to the Offering, the contents of
this announcement or any of the matters referred to herein. The Offering and the
distribution of this announcement and other information in connection with the
Offering may be restricted by law in certain jurisdictions. The Company assumes
no responsibility in the event there is a violation by any person of such
restrictions. Persons into whose possession this announcement or such other
information should come are required to inform themselves about, and to observe,
any such restrictions. This announcement may not be used for, or in connection
with, and does not constitute, any offer of securities for sale in the United
States or in any other jurisdiction.

The Offering will not be made in any jurisdiction or in any circumstances in
which such offer or solicitation would be unlawful. This announcement is not for
distribution, directly or indirectly in or into any jurisdiction in which it is
unlawful to make any such offer or solicitation to such person or where prior
registration or approval is required for that purpose. No steps have been taken
or will be taken relating to the Offering in any jurisdiction outside of Norway
in which such steps would be required. Neither the publication and/or delivery
of this announcement shall under any circumstances imply that there has been no
change in the affairs of the Company or that the information contained herein is
correct as of any date subsequent to the earlier of the date hereof and any
earlier specified date with respect to such information.

This announcement is not for publication or distribution, directly or
indirectly, in the United States (including its territories and possessions, any
state of the United States and the District of Columbia). This announcement does
not constitute or form part of any offer or solicitation to purchase or
subscribe for securities in the United States. Securities may not be offered or
sold in the United States absent registration or an exemption from registration.
The Offer Shares to be issued in the Offering have not been and will not be
registered under the United States Securities Act of 1933, as amended (the "US
Securities Act") or with any securities regulatory authority of any state or
other jurisdiction of the United States, and may not be offered or sold in the
United States or to, or for the account of, U.S. persons (as such term is
defined in Regulation S under the US Securities Act), except pursuant to an
effective registration statement under, or an exemption from the registration
requirements of, the US Securities Act. All offers and sales outside the United
States will be made in reliance on Regulation S under the US Securities Act.
There will be no public offer of securities in the United States.

This announcement does not constitute an offering circular or prospectus in
connection with an offering of securities of the Company. Investors must neither
accept any offer for, nor acquire, any securities to which this document refers,
unless they do so on the basis of the information contained in the prospectus
made available by the Company only to qualified persons in certain jurisdictions
where an offer may be made (if an offer is made). This announcement does not
constitute an offer to sell or the solicitation of an offer to buy or subscribe
for, any securities and cannot be relied on for any investment contract or
decision.

Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12

[HUG#1619408]

Selvaag Bolig - Aksjekapitalforhøyelse registrert