Name of broker was wrong in the original release. Selvaag Bolig ASA has
commissioned ABG Sundal Collier to implement the buybacks.

The buyback covers the repurchase of up to 100 000 shares, corresponding to
0.1 per cent of the shares in Selvaag Bolig ASA. Shares bought back will be
utilised for the company's incentive programmes -- the share purchase
programme for company management and the share saving programme for other
employees.

The buyback will start on 3 October 2023 and will be completed by 31 October
2023. Buying will take place in tranches, with daily purchases limited to a
maximum of 25 per cent of the average daily volume traded.

The company will report its purchases every seventh day until 31 October 2023
or until the volume of 100 000 shares has been bought. 

The buyback accords with the mandate provided by the company's annual general
meeting in April 2023.

Shares acquired will be transferred to participants in the programmes in
December 2023. Those not allocated will be utilised in later rounds of the
share programmes.

Selvaag Bolig ASA has commissioned ABG Sundal Collier to implement the
buybacks.

The share buyback program is carried out in accordance with the Market Abuse
Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU)
No 2016/1052 ("Safe Harbour Regulation").

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About Us
Selvaag Bolig ASA is a residential property developer controlling the entire
value chain from acquisition of land to sale of homes. The company has several
thousand homes under development at any given time, and focuses on the growth
areas in and around Greater Oslo, Bergen, Stavanger, Trondheim and Stockholm.
Selvaag Bolig represents a continuation of Selvaag's 75-year history and
experience, and offers a broad variety of property types. The company is
headquartered at Ullern in Oslo.
www.selvaagboligasa.no/en

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This release was distributed by Kristoffer Gregersen, EVP communications and
sustainability, Selvaag Bolig ASA.

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For further information:
Sverre Molvik, CEO
Telephone: +47 40 10 05 85, e-mail: smo@selvaagbolig.no

Christopher Brunvoll, CFO
Telephone: +47 98 82 92 22, e-mail: chbr@selvaagbolig.no
(mailto:chrb@selvaagbolig.no)

Kristoffer Gregersen, EVP communications, sustainability and corporate
strategy,
Telephone: +47 95 77 55 93, e-mail: kgr@selvaagbolig.no

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 19 no. 3. The information was submitted for publication
at 2023-10-03 09:13 CEST.

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© Oslo Bors ASA, source Oslo Stock Exchange