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Regulatory press release

AFG: To build apartments in Southern Sweden

AF Gruppen
AF Gruppen has been selected as the contractor by LKF, Lunds Kommun Fastighets
AB, to build 117 new apartments in the Råbykungen district in Lund. The contract
value will be approximately SEK 189 million excluding VAT.

The project includes the construction of 117 rental apartments as well as an
underground garage. The project will be carried out as a turnkey contract.

"We are proud to realize this exciting residential project together with the
client. It aligns with our vision of building for the future with a focus on
quality and sustainability," says Bård Frydenlund, Executive Vice President of
AF Gruppen.

Construction is expected to start in the third quarter of 2025 with completion
in March 2028.

For further information:
Bård Frydenlund, EVP Sweden at AF Gruppen, tel: +47 918 68 621
Roger Persson, Managing Director, AF Bygg Syd, tel: +46 766 45 16 02
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