Launch of mandatory offer in Solon Eiendom ASA

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH
SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

Oslo, 22 December 2021

Reference is made to the stock exchange announcement on 25 November 2021
regarding the acquisition by Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB"
or the "Offeror") of 51,106,538 shares in Solon Eiendom ASA (the "Company"),
resulting in an aggregate holding of 68,005,231 shares, equalling 83.36% of the
shares and votes in the Company and thereby triggering an obligation to make a
mandatory offer for the remaining shares in the Company pursuant to Chapter 6 of
the Norwegian Securities Trading Act. SBB is today launching a mandatory offer
to acquire all the shares in the Company that are not already owned by SBB (the
"Offer").

Terms and conditions for the Offer have been set out below: 

Offer Price: NOK 44 per share.

Offer Period: From and including 23 December 2021 to and including 20 January
2022 at 16:30 CET.

Settlement: Cash settlement in NOK within two weeks after the expiry of the
Offer Period. 

The terms and conditions of the Offer are set out in an offer document prepared
by SBB dated 22 December 2021 (the "Offer Document"), which has been approved by
the Oslo Stock Exchange in its capacity as take-over supervisory authority. 

The Offer may only be accepted on the basis of the Offer Document, which will be
distributed to the Company's shareholders as registered in VPS on 20 December
2021, except for shareholders in jurisdictions where it may not be lawfully
distributed. 

The Offer Document may also be obtained free of charge at the offices of the
receiving agent: 
Arctic Securities AS, Haakon VIIs gate 5, 0161 Oslo, Norway
Tel: [phone]
E-mail: [e-mail]

The Offer Document is, subject to regulatory restrictions in certain
jurisdictions, also available at the following webpage:
corporate.sbbnorden.se/en/  

Advisors 
Arctic Securities AS is acting as financial advisor and receiving agent to SBB
in connection with the settlement of the Offer. Advokatfirmaet Thommessen AS is
acting as legal advisor to SBB in connection with the Offer. 

About SBB
Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region's leading
property company in social infrastructure. The Company's strategy is to long
term own and manage social infrastructure properties in the Nordics and rent
regulated residential properties in Sweden, and to actively work with property
development. Through SBB's commitment and engagement in community participation
and social responsibility, municipalities and other stakeholders find the
Company an attractive long-term partner. The Company's series B shares (ticker
SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap.
Further information about SBB is available at www.sbbnorden.se.

For further information, please contact: Ilija Batljan, CEO and Founder of
Samhällsbyggnadsbolaget i Norden AB, [e-mail]

Offer Restrictions 
The distribution of the Offer Document and the making of the Offer may in
certain jurisdictions (including, but not limited to, Canada, Australia and
Japan) ("Restricted Jurisdictions") be restricted by law. Therefore, persons
obtaining the Offer Document or into whose possession the Offer Document
otherwise comes, are required to, and should inform themselves of and observe,
all such restrictions. The Offeror and the Receiving Agent do not accept or
assume any responsibility or liability for any violation by any person
whomsoever of any such restriction. 

The Offer Document is not directed to persons whose participation in the Offer
requires that further offer documents are issued or that registration or other
measures are taken, other than those required under Norwegian law, provided,
however, that the Offer is made to Solon shareholders resident in the United
States, see further below. No document or materials relating to the Offer may be
distributed in or into any jurisdiction where such distribution or offering
requires any of the aforementioned measures to be taken or would be in conflict
with any law or regulation of such a jurisdiction. In the event of such
distribution or offering still being made, an Acceptance Form sent from such a
country may be disregarded. 

The Offer Document does not represent an offer to acquire or obtain securities
other than Solon shares. The Offer is not open to any Solon shareholder in any
jurisdiction in which it is unlawful for any person to receive or accept the
Offer. No action has been taken to permit the distribution of the Offer in any
jurisdiction where action would be required for such purposes (except Norway). 

The Offer is not being made and will not be made, directly or indirectly, in or
into the Restricted Jurisdictions. The Offer Document, and any and all materials
related thereto, should not be sent or otherwise distributed in or into the
Restricted Jurisdictions, and the Offer cannot be accepted by any such use,
means or instrumentality, in or from within Restricted Jurisdictions.
Accordingly, copies of the Offer Document and any related materials are not
being, and must not be, sent or otherwise distributed in or into or from any
Restricted Jurisdiction or, in their capacities as such, to custodians, trustees
or nominees holding shares of the Company for persons in any Restricted
Jurisdictions, and persons receiving any such documents (including custodians,
nominees and trustees) must not distribute or send them in, into or from any
Restricted Jurisdiction. Any purported acceptance of the Offer resulting
directly or indirectly from a violation of these restrictions will be invalid. 

Notice to shareholders in the United States 

The Offer will be made in the United States pursuant to Section 14(e) of, and
Regulation 14E under, the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and otherwise in accordance with the requirements of Norwegian
law. The Offer is being made in the United States by the Offeror and no one
else.

The Offeror reserves the right to acquire or agree to acquire Shares or rights
to Shares outside the Offer during the Offer Period in accordance with
Applicable Law and regulations and the provisions of the exemption provided
under Rule 14e-5(b)(10) under the Exchange Act. Any of the purchases referred to
in this paragraph may occur either in the open market at prevailing prices or in
private transactions at negotiated prices. Information about such purchases will
be disclosed as and if required by applicable securities laws.

The payment and settlement procedure with respect to the Offer will comply with
the relevant Norwegian rules which differ from U.S. payment and settlement
procedures, particularly with regard to the date of payment of the
consideration. Acceptance of the Offer is irrevocable and accepting Shareholders
will have no withdrawal rights with respect to their Shares other than as
specifically set out herein.

The enforcement by Shareholders of civil liabilities under U.S. securities laws
may be adversely affected by the fact that the Offeror is a company organised
under the laws of Sweden.
Arctic Securities AS is acting exclusively for SBB and no one else in connection
with the transaction and will not regard any other person (whether or not a
recipient of this announcement) as a client in relation to the transaction and
will not be responsible to anyone other than SBB for providing the protections
afforded to the clients of Arctic Securities AS nor for giving advice in
relation to the transaction or any other arrangement referred to in this
announcement.

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© Oslo Bors ASA, source Oslo Stock Exchange