Samhällsbyggnadsbolaget i Norden AB (publ) announced its invitations to holders of the outstanding securities set out, to tender such securities for purchase by SBB for cash at prices to be determined pursuant to a separate unmodified Dutch auction in respect of each Series of Securities, on the terms set out in the tender offer memorandum dated 18 March 2024 prepared by SBB and subject to the Transaction Conditions and the other conditions as more fully described in the Tender Offer Memorandum. Rationale for the Offers The purpose of the Offers in respect of the Securities is, amongst other things, to proactively manage SBB's balance sheet. Simultaneously, the Offers will enable SBB to manage its overall wholesale funding level and better optimise its future interest expense.

The Offers in respect of the Hybrid Securities do not constitute a Deferred Interest Payment Event. Securities repurchased by SBB pursuant to the Offers will be cancelled. Securities which have not been validly tendered and/or accepted for purchase by SBB pursuant to the Offers will remain outstanding after the Settlement Date.

Transaction Conditions SBB's acceptance of Securities for purchase validly tendered in accordance with the terms of the Offers will be irrevocable and will be subject to satisfaction of the Transaction Conditions. Once accepted, the Offers will constitute binding obligations of the submitting holders of the Securities and SBB to settle the Offers. The Transaction Conditions are more fully described in the Tender Offer Memorandum.

Amount SBB proposes to accept, on the terms and subject to the conditions described in the Tender Offer Memorandum, an aggregate principal amount of Securities such that the Securities Purchase Consideration does not exceed the Maximum Securities Purchase Consideration. Securities Purchase Consideration means the total purchase consideration for the Securities validly tendered and accepted for purchase pursuant to the Offers (excluding Accrued Interest Payments in respect of such Securities) and Maximum Securities Purchase Consideration means EUR 250,000,000. SBB will determine the aggregate principal amount of Securities of the relevant Series which SBB elects to purchase pursuant to the relevant Offer in its sole and absolute discretion.

SBB reserves the right, in its sole and absolute discretion, to purchase Securities in an aggregate principal amount which is either more or less than the Maximum Acceptance Amount. Accrued Interest Payment SBB will also pay, on the Settlement Date waiver of the Transaction Conditions on or prior to the Settlement Date, an Accrued Interest Payment in respect of Securities (other than the Hybrid Securities) accepted for purchase pursuant to the Offers. Securities which are subject to the Offers: EUR 500,000,000 Subordinated Fixed to Reset Rate Undated Capital Securities, XS2010032618, EUR 453,880,000, EUR 500,000,000 Subordinated Fixed to Reset Rate Undated Capital Securities, XS2272358024, EUR 456,896,000, EUR 500,000,000 Subordinated Fixed to Reset Rate Undated Capital Securities, XS2010028186 EUR 439,306,000, EUR 550,000,000 1.750%.

Fixed Rate Notes due 14 January 2025, XS1993969515, EUR 407,291,000, EUR 5,000,000 4.500%. Notes due 10 March 2025, XS2597112155, EUR 5,000,000, EUR 500,000,000 1.125%. Notes due 4 September 2026, XS2049823680, EUR 500,000,000, EUR 750,000,000 1.000%.

Notes due 12 August 2027, XS2114871945, EUR 750,000,000, EUR 700,000,000 0.750%. Social Bonds due 14 December 2028 issued by SBB Treasury Oyj and guaranteed by SBB XS2271332285, EUR 700,000,000, EUR 950,000,000 1.125%. Social Bonds due 26 November 2029 issued by SBB Treasury and guaranteed by SBB, XS2346224806, EUR 950,000,000, EUR 50,000,000 2.750%.

Notes due 3 April 2040, XS2151934978, EUR 50,000,000.