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.

Oslo, 8. juni 2012: Selvaag Bolig ASA ("Selvaag Bolig" eller "Selskapet", ticker
"SBO")

Det vises til børsmeldinger datert 22. mai 2012 vedrørende Selvaag Boligs søknad
om notering av Selskapets aksjer på Oslo Børs og den planlagte
kapitalforhøyelsen i form av et offentlig tilbud av nye aksjer i Selskapet
("Tilbudet"), og børsmelding datert 8. juni 2012 om forlengelse av book-
building- og bestillingsperiode.

Selvaag Bolig has besluttet å fastsette prisen i Tilbudet til NOK 20 per aksje.
Selskapet har blitt informert av tilretteleggerne om at boken på tidspunktet for
denne meldingen er tilfredsstillende dekket på denne prisen, i tillegg til mer
enn 500 investorer, og dermed oppfyller vilkårene for notering som satt av Oslo
Børs.

Book-buildingperioden for det institusjonelle tilbudet vil stenge klokken 17:30
(CET) på mandag 11. juni 2012, og bestillingsperioden for tilbudet til
allmennheten og ansattetilbudet vil stenge klokken 12:00 (CET) på mandag 11.
juni 2012, men likevel slik at Selskapet forbeholder seg rett til, etter eget
skjønn og uten ytterligere varsel, til å stenge book-building- og
bestillingsperiodene tidligere, men likevel ikke før klokken 17:30 (CET) på
fredag 8. juni 2012.

For ytterligere informasjon, vennligst kontakt:

Baard Schumann, administrerende direktør Selvaag Bolig
Telefon: +47 940 80 000, e-post: bas@selvaagbolig.no
eller
Haavard Rønning, finansdirektør Selvaag Bolig
Telefon: +47 400 20 019, e-post: hroe@selvaagbolig.no

Om Selvaag Bolig

Selvaag Bolig ASA er et av Norges største boligutviklingsselskaper. Selskapet er
tuftet på Selvaags mer enn 60 år lange historie og erfaring. Selskapet har nær
9000 boliger under utvikling. Selvaag Bolig fokuserer spesielt på områdene i og
rundt Stor-Oslo, Stavanger og Bergen. Selskapet styrer hele verdikjeden fra kjøp
av tomt til salg av nøkkelferdige boliger. Selvaag Bolig har et bredt utvalg
boligtyper som deles inn i merkenavnene Start, Hjem og Pluss. Selskapet ledes av
administrerende direktør Baard Schumann. Olav H. Selvaag er selskapets
styreleder.

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#1618422]

Selvaag Bolig ASA - Tilbudspris og forlengelse av book-building- og bestillingsperiode