Betonmast, a subsidiary of AF Gruppen, has entered into a contract with HSB
Bostad for the construction of apartments in the new district of Bromstensstaden
in Stockholm. The contract, which is a turnkey contract, has a value of
approximately SEK 255 million excl. VAT.

The "Ester" project includes the construction of a total of 152 condominium
apartments with an underground garage and shop premises on the ground floor. The
apartments vary in size from 1-5 rooms and kitchen. Total BTA is 15,400 square
meters. The project will be environmentally certified in accordance with the
Swedish environmental standard Miljöbyggnad Silver. The project has sales
reservations.

- This is Betonmast's third project for HSB Bostad. We are pleased with the
renewed confidence and look forward to being part of the development of this new
district in Stockholm, says Jørgen Evensen, CEO of Betonmast.

The planning will start in the third quarter of 2021 and construction is
scheduled to start in the fourth quarter of 2021. The project will be completed
in the second quarter of 2024.


For further information:

Jørgen Evensen, CEO of Betonmast, tel: +47 906 09 310
Bård Frydenlund, EVP Sweden and Betonmast for AF Gruppen, tel: +47 918 68 621

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange