AF Gruppen’s subsidiary HMB Construction AB has signed a contract with Borlänge
municipality and Hemsö Fastighets AB to build the new Paradis school with
pre-school, elementary school and sports hall. The contract is worth
approximately SEK 191 million excl. VAT.

Paradis school is scheduled to open for the autumn term in 2021 in the Tjärna
city district for 500 pre-school and elementary school children up to year five.
A sports hall will also be built in addition to the school. The total floor area
is approximately 10,000 square metres.

The school will be built in accordance with the concept “School in the middle of
the city”, which means that the premises will be a meeting ground for all ages
and interests in the local area, also outside of school hours.

-	“We are grateful for the opportunity to build Paradis school and to be allowed
to develop Borlänge with a new place people can get together,” says Bård
Frydenlund, EVP Sweden in AF Gruppen.

Work on Paradis school will commence before the turn of the year. The execution
contract will be carried out in close cooperation with Hemsö Fastighets AB,
which through its subsidiary Hemsö Skolfastigheter AB will take on the role as
client from Borlänge municipality after the contract is signed. The finished
school will be leased to Borlänge municipality.

HMB Construction is one of seven subsidiaries of AF Gruppen Sverige. HMB has
operations in Stockholm, Mälardalen, Dalarna, Västmanland, Uppland and
Gästrikland. In 2018 the company recorded sales of SEK 1.3 billion.

For further information, contact:
Bård Frydenlund, EVP Sweden, tel. +47 918 68 621
Andreas Rydbo, Managing Director AF Gruppen Sweden, tel. +46 31 762 40 03