Selvaag Bolig ASA: Q2 2026: Sold 568 homes for a record-high NOK 4.2 billion in the first half year

Selvaag Bolig sold 568 homes for NOK 4,216 million in the first half of 2026,
the company's highest ever half-year sales value. This was NOK 753 million
higher than total sales for the whole of 2025. In the second quarter, the
company sold 205 homes for NOK 1,653 million, the highest sales value it has
achieved in a second quarter.

Net sales, i. e. sales adjusted for Selvaag Bolig's share in joint ventures,
amounted to 530 homes for NOK 3,888 million in the first half of 2026. This
included 105 booking agreements in Sweden, with a combined value of NOK 1,038
million. In the second quarter, the company had net sales of 172 homes worth
NOK 1,373 million, of which 33 were booking agreements in Sweden worth NOK 354
million.

"We are very pleased with sales in the first half of the year, particularly
given that overall new-build home sales in the market remain at a low level.
Several sales starts in the second quarter were well received, including
Fornebu Sentrum in Bærum, Mindebyen Torg in Bergen, and Bryggetunet in
Stavanger," says CEO Sverre Molvik.

During the quarter, construction of 290 homes was started, 242 homes were
completed, and 187 homes were delivered to buyers. Of the delivered homes, 186
were from consolidated project companies and one from Selvaag Bolig's share in
joint ventures. So far this year, the company has started construction of 456
homes, completed 242 homes and delivered 211 homes to buyers.

"Strong sales have contributed to several construction starts and strengthened
the order backlog. We have around 600 homes for sale and will launch
additional homes for sale in line with demand," says Molvik.

As at 30 June, Selvaag Bolig had 1,126 homes under construction and 41
completed homes that remained unsold. In addition, the company had 56
completed homes that had been sold but not yet delivered to buyers.

Gross sales in the second quarter of 2025 amounted to 117 homes for NOK 771
million, while net sales were 106 homes for NOK 690 million. In the first half
of 2025, gross sales were 313 homes for NOK 2,015 million, while net sales
were 275 homes for NOK 1,728 million.

Units sold comprise sales contracts entered into with customers pursuant to
the Norwegian Housing Construction Act and the Swedish Tenant-Owners'
Associations Act, as well as booking agreements in Sweden.

Booking agreements are used in Sweden for the sale of new tenant-owned
apartments (BRF), where the buyer pays a booking fee to secure priority for a
home. The booking agreement is not binding, and if the buyer withdraws, part
of the booking fee will be refunded. The booking agreement is converted into a
binding purchase agreement ahead of construction start.

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About Us
Selvaag Bolig ASA is a residential development company that manages the entire
value chain from acquisition of land to completed residential and urban areas.
The company represents a continuation of Selvaag's 75-year history and
experience and has several thousand homes under development in growth areas in
and around the largest cities in Norway and Sweden. Selvaag Bolig offers a
broad variety of housing types, including the lifestyle concept Selvaag
Pluss®, which features homes with shared spaces and services.
www.selvaagboligasa.no/en

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This release was distributed by Line Lian Mjell, EVP marketing, strategy and
sustainability, Selvaag Bolig ASA.

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For further information:
Sverre Molvik, CEO
Telephone: +47 401 00 585, e-mail: smo@selvaagbolig.no

Christopher Brunvoll, CFO
Telephone: +47 98 82 92 22, e-mail: chbr@selvaagbolig.no

Line Lian Mjell, EVP marketing, strategy and sustainability
Telephone: +47 975 39 225, e-mail: limj@selvaagbolig.no
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Line Lian Mjell\, EVP marketing\, strategy and sustainability\
Telephone: +47 975 39 225\, e-mail: limj@selvaagbolig.no\