On 15 November 2019, Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") announced a recommended public offer to the shareholders of Hemfosa Fastigheter AB (publ) ("Hemfosa") (the "Offer"). On 23 December 2019, SBB announced that it controlled 87.8 percent of the shares in Hemfosa after the initial acceptance period and that it extended the acceptance period in the Offer. Today, SBB declares that it controls approximately 91.2 percent of the shares in Hemfosa.

After the end of the initial acceptance period on 20 December 2019, SBB controlled 149,440,375 common shares and 9,087,963 preference shares in Hemfosa (representing approximately 87.8 percent of outstanding shares and approximately 88.1 percent of the votes in Hemfosa). Since then, SBB has acquired 2,579,851 common shares in the market (at prices not exceeding the Offer price), representing approximately 1.4 percent of outstanding shares in Hemfosa, corresponding to approximately 1.5 percent of the votes. As of today, 3,234,108 common shares and 251,235 preference shares have been tendered in the Offer during the extended acceptance period through unconditional acceptances (representing approximately 1.9 percent of outstanding shares and approximately 1.9 percent of the votes in Hemfosa). As of today, SBB thus controls 155,254,334 common shares and 9,339,198 preference shares in Hemfosa, representing approximately 91.2 percent of outstanding shares in Hemfosa, corresponding to approximately 91.6 percent of the votes. SBB may acquire additional shares in Hemfosa in the market.

"It feels great to now be able to complete the acquisition and continue our journey as Nordics' largest social infrastructure property owner." said Ilija Batljan, CEO and founder of SBB.

As previously announced, the extended acceptance period runs up to and including 15 January 2020. Settlement for shares tendered no later than 10 January 2020 during the extended acceptance period in the Offer is expected to commence on or around 16 January 2020. Settlement for shares tendered during the extended acceptance period in the Offer, but for which acceptances are received after 10 January 2020, is expected to commence on or around 23 January 2020. As previously announced, elections made under the Mix & Match Facility will not be possible to cater for, due to practical reasons, with regard to acceptances received after the initial acceptance period. In practice, Hemfosa shareholders accepting the Offer under the extension, will thus receive the base case consideration in the Offer. Further, it should be noted that, due to the payment of dividends on the common shares and the preference shares in Hemfosa with a record date 10 January 2020, the cash consideration in the Offer will be reduced correspondingly.

SBB intends to initiate a compulsory acquisition procedure under the Swedish Companies Act to acquire all shares not tendered in the Offer or acquired in the market. In addition, SBB intends to promote a de-listing of the Hemfosa shares from Nasdaq Stockholm.

SBB reserves the right to extend the acceptance period for the Offer and to postpone the settlement date. Since the Offer is now unconditional, the shareholders who have accepted the Offer, or will accept the Offer, have no right to withdraw acceptances.

For further information, please contact:

Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.se.

www.sbb-hemfosa.se

This is information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on 10 January 2020, at 21:30 CET.

About Samhällsbyggnadsbolaget i Norden AB (publ)

The company's strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. At the beginning of 2018, SBB was named the winner of the Real Estate Company of the Year Award for 2017. The company's series B shares (short name SBB B) and D shares (short name SBB D) are listed on Nasdaq Stockholm, Large Cap. The company's preference shares (SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se/ +46 84638300). More information about the company is available at www.sbbnorden.se.

Important notice

This press release has been published in Swedish and English. In the event of any discrepancy in content between the language versions, the Swedish version shall prevail.

The Offer, pursuant to the terms and conditions presented in this press release, is not being made to persons whose participation in the Offer requires that an additional offer document be prepared or registration effected or that any other measures be taken in addition to those required under Swedish law.

The distribution of this press release and any related offer documentation in certain jurisdictions may be restricted or affected by the laws of such jurisdictions. Accordingly, copies of this communication are not being, and must not be, mailed or otherwise forwarded, distributed or sent in, into or from any such jurisdiction. Therefore, persons who receive this communication (including, without limitation, nominees, trustees and custodians) and are subject to the laws of any such jurisdiction will need to inform themselves about, and observe, any applicable restrictions or requirements. Any failure to do so may constitute a violation of the securities laws of any such jurisdiction. To the fullest extent permitted by applicable law, SBB disclaims any responsibility or liability for the violations of any such restrictions by any person.

This press release is not an offer for sale of securities in the United States. The shares to be delivered in connection with the Offer have not been and will not be registered under the U.S. Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States, and may not be offered, sold, pledged, delivered or otherwise transferred in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in compliance with any applicable state securities laws.

For the avoidance of doubt, Nordea is not registered as a broker or dealer in the United States and will not be engaging in direct communications relating to the Offer with investors located within the United States (whether on a reverse-inquiry basis or otherwise).

In accordance with Swedish practice and law, SBB or its affiliates or brokers (acting as agents for SBB or its affiliates, as applicable) and affiliates of its financial advisers may from time to time, and other than pursuant to the Offer, directly or indirectly purchase or arrange to purchase outside the United States, shares in Hemfosa that are the subject of the Offer or any securities that are convertible into, exchangeable for or exercisable for such shares before or during the period in which the Offer remains open for acceptance. These purchases may occur in the open market or in private transactions. Information about such purchases or arrangements to purchase will be disclosed to the extent required by Swedish law or rules or regulations.

The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in, any jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law.

Statements in this press release relating to future status or circumstances, including statements regarding future performance, growth and other trend projections and the other benefits of the Offer, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as "anticipates", "intends", "expects", "believes", or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of SBB and Hemfosa. Any such forward-looking statements speak only as of the date on which they are made and SBB has no obligation (and undertakes no such obligation) to update or revise any of them, whether as a result of new information, future events or otherwise, except for in accordance with applicable laws and regulations.