HMB Construction, subsidiary of AF Gruppen, is building a new central
residential district in Knivsta, south of Uppsala on behalf of Genoa and Redito.

The project will be conducted as a turnkey contract with a value of
approximately MSEK 210, excluding VAT. The project has been developed by Genoa
Property Group together with Redito, and consists of 133 leasehold residential
properties. It will be the first of three blocks in Segerdal, that will form the
town centre that Knivsta currently does not have. 

The block will consist of two buildings built around a shared courtyard. The
ground floor will have both business premises and homes with outdoor sitting and
green areas. A mix of small and larger homes will be suitable for young people,
families and the elderly. In addition to the homes, squares, pedestrian streets
and green corridors are being built. The plans for the district will be ready in
2023.

- We have collaborated with Genova in two previous projects, among them the
acclaimed residential building Balneum in Gröndal in Stockholm, and look forward
to contributing to another successful project, says Bård Frydenlund, Executive
Vice President of AF Gruppen Sverige.

The Segerdal project includes two additional blocks, where HMB is currently
involved in the design phase.

For further details, please contact:
Bård Konrad Frydenlund, Executive Vice President Sweden and Betonmast for AF
Gruppen, tel. +47 918 68 621
Andreas Rydbo, CEO AF Gruppen Sweden, tel. +46 31 762 40 03

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