The board of Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB" or "the Company") has, with the support of the issue authorization from the Extraordinary General Meeting on November 5, 2018, decided on a directed new issue of 10,209,678 D-shares at a price of 31.00 SEK per share (the "new share issue"), which means that the company will receive a gross proceed of approximately SEK 316.5m.

Phoenix Insurance Company has subscribed for 10,209,678 D-shares in the new share issue. The company believes that the new share issue creates the best conditions for quickly and efficiently obtaining working capital and thereby increasing flexibility in relation to the Company's equity. The new share issue contributes to SBB approaching an investment grade rating.

At the same time, SBB has agreed to use the received proceeds to repurchase hybrid bonds (ISIN SE0010414599) at a nominal value of SEK 300,000,000. The repurchase price for the bonds corresponds to 105.5 per cent of the bonds' outstanding nominal amounts.

After the repurchase, SBB's holding of the above mentioned hybrid bonds amounts to a remaining nominal amount of SEK 300,000,000.

After the registration of the new share issue of D-shares, the total number of shares in the Company will amount to 797,850,672, of which 209,977,491 is A-shares, 546,071,540 is B-shares, 41,626,390 is D-shares and 175,251 is preference shares. The new share issue entails a dilution of approximately 1.28 percent of the total number of shares in the Company and 0.38 percent of the total number of votes in the Company.

In connection with the new share issue, the Company has engaged ABG Sundal Collier as Sole Lead Manager and Wistrand Law Firm as legal advisor.