AF Gruppen ASA (the "Company") has decided to initiate a share buyback program.
The buyback program will be conducted in accordance with the authorization
provided by the annual general meeting to the board of directors on May 12 2023.

The share buyback program will be for a maximum of 100,000 shares and will
comprise acquisitions of own shares for an aggregate amount of up to NOK
15,000,000. The program will commence on February 26 and will end no later than
March 8, 2024. Buyback transactions will be executed according to the market
price on the Oslo Stock Exchange. The shares purchased under this program will
be used in connection with the Company's employee share and incentive programs. 

For further information, please contact: CFO Anny Øen, telephone: +47 982 23
116. 

This information is made public by the Company pursuant to the EU Market Abuse
Regulation article 5, as supplemented by Commission Delegated Regulation (EU)
2016/1052 and is subject to the disclosure requirements pursuant to Section 5-12
the Norwegian Securities Trading Act.

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