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Regulatory press release

AFG: To build Haugland Housing Community

AF Gruppen
Åsane Byggmesterforretning AS," a company within the AF Gruppen, has been
selected by Bergen Municipality as the general contractor for the construction
of Haugland Housing Community. The contract value is approximately NOK 125
million excluding VAT.

The project involves establishing two housing communities (referred to as "tun
1" and "tun 2") for individuals with intellectual disabilities. Each housing
community will consist of six residential units and a service base. The
buildings will be constructed according to high environmental standards.

Tun 1 comprises a new building in combination with the renovation of the oldest
school building from 1952, while Tun 2 will be a newly constructed building. The
existing gymnasium is currently used by the local community for recreation. It
has been decided to preserve, rehabilitate, and offer it as a community center.
Additionally, a public playground will be established. These works will be
carried out under the same contract as the housing community, collectively
referred to as the Haugland Housing Community.

"We are proud to have been selected to execute the Haugland Housing Community
project. The stringent environmental requirements set by the client, along with
the project's architecture and site conditions, make it professionally very
interesting. We look forward to starting the project and developing an area with
socially beneficial buildings, in close collaboration with Bergen Municipality,"
says Frank Ståløy, Managing Director of Åsane Byggmesterforretning.

Construction is scheduled to begin in the fall of 2024, with an estimated
construction period of 24 months.


For further information:
Managing Director, Åsane Byggmesterforretning: Frank Ståløy, tel. +47 930 57 012
EVP Building, AF Gruppen: Tormod Solberg, tel.: 950 59 495
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