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 announcement dated 14 June 2012 regarding possible
stabilization activities in the Selvaag Bolig-shares during the 30-day period
from and including the first day of trading of the shares on the Oslo Stock
Exchange.

The managers have performed stabilization activities by purchasing Selvaag
Bolig-shares in the secondary market during the period from 14 June 2012 to and
including 13 July 2012. The managers have purchased a total of 1,952,138 Selvaag
Bolig-shares during the stabilization period at a volume-weighted average price
of NOK 19.55 per share.

Stabilization transactions were carried out on the following dates, within the
following price ranges:

+-----------------------------------------+
| Date Minimum price Maximum price |
+-----------------------------------------+
14 June 19.0 20.0
-------------------------------------------
15 June 19.0 19.4
-------------------------------------------
18 June 19.0 19.2
-------------------------------------------
19 June 18.9 19.2
-------------------------------------------
20 June 18.9 19.1
-------------------------------------------
21 June 18.4 19.2
-------------------------------------------
22 June 18.7 18.9
-------------------------------------------
25 June 18.7 18.8
-------------------------------------------
26 June 18.8 19.0
-------------------------------------------
27 June 19.0 19.5
-------------------------------------------
29 June 19.4 19.4
-------------------------------------------
4 July 19.3 19.4
-------------------------------------------
5 July 19.3 19.3
-------------------------------------------
6 July 19.2 19.3
-------------------------------------------
9 July 19.4 20.0
-------------------------------------------
10 July 19.8 20.0
-------------------------------------------
11 July 19.7 20.0
-------------------------------------------
12 July 19.8 20.0
-------------------------------------------
13 July 19.8 19.8
-------------------------------------------

The lowest price per share paid by the managers during the stabilization period
was NOK 18.4, while the highest price was NOK 20.0. 13 July 2012, the last day
of the stabilization period, was also the last day that the managers purchased
Selvaag Bolig-shares as part of the stabilization activities.

Important Notice

The distribution of this announcement and other information in connection with
the offering completed by Selvaag Bolig ASA (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#1626841]

Selvaag Bolig ASA - Pris stabilisering (eng)