Swedbank AB (publ) ("Swedbank") has been retained to explore the opportunity to sell up to 30,718,666 common shares of series B in Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") (the "Transaction") on behalf of Backahill AB ("Backahill"), a property and investment company owned by the Erik Paulsson family. The Transaction corresponds to 2.2 percent of the capital and 0.9% of the votes in SBB.

The price per share and final number of shares to be offered in the Transaction will be determined through a so-called accelerated bookbuilding procedure. The book-building process commences today, 29 April 2020, at 17:31 CET and may close at any time on short notice. The results of the Transaction will be announced following completion of the bookbuilding process and pricing. After the Transaction, Backahill will not own any shares in SBB.

SBB will not receive any proceeds from the Transaction.

Swedbank in cooperation with Kepler Cheuvreux acts as Global Coordinator and Sole Bookrunner in connection with the Transaction.

 "SBB has been a fantastic investment for us and during our ownership we have seen SBB develop to become the Nordics largest and one of Europe's largest player within in community service properties. We are proud to have been a part of SBB since its inception."

"SBB is regarded by us as a non-strategic investment and now when this business opportunity has emerged, we decide to sell to focus on our core investments in our property and investment portfolio", says Lennart Mauritzson, Backahill's CEO

Important information

The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in SBB in any jurisdiction, neither from Backahill or Swedbank nor from someone else.

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zeeland, Singapore, South Africa, the United States (including its territories and possessions, any state of the United States and the District of Columbia) or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

In member states of the European Economic Area ("EEA") (each, a "Relevant Member State"), this announcement and any offer if made subsequently is directed to persons who are "qualified investors" within the meaning of the Prospectus Regulation ("Qualified Investors"). For these purposes, the expression "Prospectus Regulation" means Regulation (EU) 2017/1129 and included any relevant implementing measure in the Relevant Member State.

In the United Kingdom this announcement is directed exclusively at Qualified Investors (i) who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (financial promotion) order 2005, as amended (the "Order") or (ii) who fall within article 49(2)(a) to (d) of the Order, and (iii) to whom it may otherwise lawfully be communicated.

Swedbank is acting on behalf of the seller and no one else in connection with the Transaction and will not be responsible to any other person for providing the protections afforded to clients of Swedbank or for providing advice in relation to the Transaction.

No prospectus or offering document has been or will be prepared in connection with the Transaction. Any investment decision to buy securities in the Transaction must be made solely based on of publicly available information. Such information is not the responsibility of and has not been independently verified by any of Backahill, Swedbank and/or any of their affiliates.

This announcement does not represent the announcement of a definitive agreement to proceed with the Transaction and, accordingly, there can be no certainty that the Transaction will proceed.

None of Swedbank nor any of their respective directors, officers, employees, affiliates, alliance partners, advisers and/or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from this announcement) or any other information relating to SBB or Backahill or any of their respective subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.