AF Gruppen's subsidiary HMB has been commissioned to build 113 apartments in
Luthagen for Bonova. The project will be carried out as a turnkey contract in
two phases, with an option for phase two. The contract amount for both phases is
MSEK 297 excluding VAT.

The project, known as Seminaret, involves the construction of 113 apartments
across three Swan-labeled resident quarters. Phase one includes 66 apartments.
Two resident quarters will be built using red brick as a tribute to the central
seminar building from 1917. The smaller, detached residential house will have a
Falu red wooden facade, connecting it to the older rector's residence and
gardener's house in Seminar Park.

"We are pleased to collaborate with Bonova to realize this project in Luthagen.
HMB looks forward to contributing to the development of a modern and sustainable
residential area in this historically rich part of Uppsala", says Bård
Frydenlund, EVP at AF Gruppen.

The planning of Seminaret will start immediately, and occupancy is planned in
phases from the autumn of 2026. The project's start is contingent on sufficient
pre-sales.


For further information:

Bård Frydenlund, EVP of AF Gruppen for Sweden, tel.: +47 918 68 621
Per Wiker, Managing Director HMB Construction AB, tel.: +46 702 06 70 52

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© Oslo Bors ASA, source Oslo Stock Exchange