Samhällsbyggnadsbolaget i Norden AB: SBB announces hereby the results of the tender offers

Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

The Expiration Deadline for the Offer was 5.00 p.m. (CET) on 16 November 2022. The Company hereby announces that it will accept for purchase EUR 631,017,100 in aggregate principal amount of Securities validly tendered pursuant to the Offers (with respect to relevant amounts converted into euro at the Expiration Deadline). The total purchase consideration for Securities validly tendered and accepted for purchase (excluding Accrued Interest Payments in respect of such Securities) is EUR 500,948,304.80, of which, the total purchase consideration in respect of (i) the relevant Hybrid Securities validly tendered and accepted for purchase pursuant to the relevant Offers is EUR 62,634,769.00 and (ii) the relevant Senior Securities validly tendered and accepted for purchase pursuant to the relevant Offers is EUR 438,313,535.80 (with respect to relevant amounts converted into euro at the Expiration Deadline).

The Company has not accepted for purchase, pursuant to the relevant Offers, any SEK February 2023 Series 9 Securities or any SEK April 2025 Series 29 Securities (each as defined below).

The final results of the Offers are as follows:

Hybrid Securities

Securities ISIN Current Series Scaling
Coupon Acceptance Factor
Amount
EUR 500,000,000 XS2010032618 2.624 per EUR Not
Subordinated Fixed cent. per 46,120,000 Applicable
to annum
Reset Rate Undated
Capital Securities
EUR 500,000,000 XS2272358024 2.625 per EUR Not
Subordinated Fixed cent. per 43,104,000 Applicable
to annum
Reset Rate Undated
Capital Securities
EUR 500,000,000 XS2010028186 2.875 per EUR Not
Subordinated Fixed cent. per 60,694,000 Applicable
to annum
Reset Rate Undated
Capital Securities

Senior Securities

Securities ISIN Current Coupon Series Scaling Factor
Acceptance
Amount
SEK XS2066041661 3-month STIBOR + - Not Applicable
1,000,000,000 1.01 per cent.
Floating Rate
Bonds due
February 2023
(the "SEK
February 2023
Series 9
Securities")
NOK XS2124186508 3-month NIBOR + NOK Not Applicable
400,000,000 0.72 per cent. 130,000,000
Floating Rate
Bonds due
February 2023
SEK XS2078737306 1.072 per cent. SEK Not Applicable
975,000,000 per annum 100,000,000
1.072 per
cent. Fixed
Rate Notes
due 11 May
2023
SEK XS2000538699 3-month STIBOR + SEK Not Applicable
200,000,000 1.40 per cent. 50,000,000
Floating Rate
Notes due May
2023
NOK XS2203994517 3-month NIBOR + NOK Not Applicable
200,000,000 1.50 per cent. 180,000,000
Floating Rate
Notes due
July 2023
SEK XS2290558282 3-month STIBOR + SEK Not Applicable
1,000,000,000 0.80 per cent. 32,000,000
Senior
Unsecured
Floating Rate
Social Bonds
due July 2023
SEK XS2050862262 3-month STIBOR + SEK Not Applicable
800,000,000 1.15 per cent. 211,000,000
Floating Rate
Green Bonds
due September
2023
EUR XS2438632874 3-month EURIBOR EUR Not Applicable
700,000,000 + 0.55 per cent. 141,167,000
callable
Social
Floating Rate
Notes due 8
February 2024
issued by SBB
Treasury Oyj
and
guaranteed by
the Offeror
NOK XS2085870728 3.12 per cent. NOK Not Applicable
1,000,000,000 per annum 526,000,000
3.12 per
cent. Fixed
Rate Notes
due 2024
EUR XS1993969515 1.750 per cent. EUR Not Applicable
550,000,000 per annum 113,058,000
1.750 per
cent. Fixed
Rate Notes
due 14
January 2025
SEK XS1997252975 3-month STIBOR + SEK Not Applicable
1,100,000,000 1.90 per cent. 249,000,000
Floating Rate
Notes due
January 2025
SEK XS2461738770 3-month STIBOR + - Not Applicable
260,000,000 1.60 per cent.
Senior
Unsecured
Floating Rate
Social Notes
due April
2025 (the
"April 2025
Series 29
Securities")
NOK XS2194790429 3-month NIBOR + NOK Not Applicable
800,000,000 1.99 per cent. 559,000,000
Floating Rate
Bonds due
June 2025
NOK XS2223676201 3-month NIBOR + NOK Not Applicable
700,000,000 1.65 per cent. 300,000,000
Floating Rate
Bonds due
August 2025
SEK XS2275409824 3-month STIBOR + SEK Not Applicable
200,000,000 1.17 per cent. 55,000,000
Senior
Unsecured
Floating Rate
Social Bonds
due December
2025

"The result of the tender offer shows that the bond prices at which investors are prepared to sell bonds are far above the prices shown on screen. SBB has succeeded in repurchasing bonds for approximately EUR 500m. The result from the tender offer means a positive effect on equity attributable to SBB's A and B shareholders of approximately SEK 1.4 billion or approximately SEK 1 per share," says Ilija Batljan, CEO and Founder the Company.

The expected Settlement Date in respect of the Offers is 23 November 2022. Full details concerning the Offers are set out in the Tender Offer Memorandum.

The Offers have now expired and no further Securities can be tendered for purchase.

Citigroup Global Markets Limited (Telephone: +44 20 7986 8969; Attention: Liability Management Group; Email: liabilitymanagement.europe@citi.com)and J.P. Morgan SE (Telephone: +44 20 7134 2468; Attention: EMEA Liability Management Group; Email: liability_management_EMEA@jpmorgan.com)are acting as Dealer Managers for the Offers and Kroll Issuer Services Limited (Telephone: +44 20 7704 0880; Attention: Thomas Choquet / Arlind Bytyqi; Email: sbbnorden@is.kroll.com;Tender Offer Website: https://deals.is.kroll.com/sbbnorden) is acting as Tender Agent for the Offers.

DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. If any Holder is in any doubt as to the action it should take, it is recommended to seek its own financial and legal advice, including in respect of any tax consequences, from its broker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser.

This disclosure contains information that Samhällsbyggnadsbolaget i Norden AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 17-11-2022 11:37 CET.