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.

Reference is made to the announcements from Selvaag Bolig ASA on 8 and 11 June
2012 regarding its Initial Public Offering (the "Offering") and the prospectus
for the Offering and listing dated 22 May 2012 (the "Prospectus").

As announced by Selvaag Bolig ASA, 2,500,000 shares were over-allotted in
connection with the Offering, pursuant to the over-allotment option described in
the Prospectus. Based on the over-allotment option, the managers may perform
stabilization activities, as further described in the Prospectus, during the 30-
day period following the first day of trading on the Oslo Stock Exchange (i.e.
from 14 June 2012 to and including 13 July 2012). There are no assurance that
price stabilization will be undertaken, and if undertaken it may be stopped at
any time.

The purpose of the price stabilization transactions is to support the market
price of Selvaag Bolig ASA's shares.

ABG Sundal Collier Norge ASA will perform such possible stabilization activities
on behalf of the managers. As further described in the Prospectus, the
stabilization manager has been granted a green-shoe option by Selvaag Bolig ASA,
pursuant to which the stabilization manager may subscribe for up to a number of
new shares equivalent to the number of over-allotted shares in the Offering at a
price equal to the final offer price in the Offering, being NOK 20 per share.
The green-shoe option may be used only for the purpose of closing out any net
short positions created through the over-allotment option, and may be exercised
on one or more occasions during the 30 day stabilization period mentioned
above."

About Selvaag Bolig
Selvaag Bolig ASA is a residential developer that provides different housing
concepts to suit aspirations of different households in and around main cities
in Norway and over time in selected cities in Scandinavia. The Company's prime
focus is the Greater Oslo area, Stavanger, Bergen and Stockholm; areas with
large and growing populations. The Company acquires and develops new residential
land plots, and controls the entire value chain from acquisition of the land
plots to the sale and delivery of the residential units. The Company targets a
delivery of 1,500 residential units per year, and has a land portfolio on which
it can develop approximately 9,000 residential units. Selvaag Bolig targets
broad customer groups through the residential living concepts Selvaag Start,
Selvaag Hjem and Selvaag Pluss. The Company is headquartered at Løren in Oslo

Important Notice
The distribution of this announcement and other information in connection with
the Offering may be restricted by law in certain jurisdictions. The managers
assume 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.

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.

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 that were 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 have been, and 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 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.

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

[HUG#1619114]

Selvaag Bolig ASA - Price stabilization