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Regulatory press release

AFG: Rehabilitating student housing in Bergen

AF Gruppen
LAB Entreprenør, a company within AF Gruppen, has signed an agreement with
Sammen, the Student Welfare Organization of Vestland, to rehabilitate a
residential building in Hatleberg, Bergen. The agreement is a turnkey contract
valued at NOK 146 million excluding VAT.

The rehabilitation includes an eight-story residential building (the AB block)
of approximately 5,500 square meters, including a ventilation room on the roof.

"We are very grateful to have been chosen to rehabilitate more student housing
in Bergen for Sammen. This opportunity allows us to further strengthen our
expertise in the preservation and revitalization of buildings within our city.
Restoration rather than demolition and new construction is the biggest
contribution we can make to reducing emissions in our industry," says Gard
Kvalheim, CEO of LAB Entreprenør.

The on-site work will begin in the third quarter of 2025, with planned
completion in the third quarter of 2026.

For further information:
CEO of LAB Entreprenør AS: Gard Kvalheim, tel. 907 54 394
EVP Building, AF Gruppen: Tormod Solberg, tel. 950 59 495
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