New Orders For BWG Homes May 2008

BWG Homes ASA (Oslo 2 June 2008) BWG Homes ASA secured a total net order intake of NOK 259.5 million during May, compared with NOK 337.8 million for May 2007, a decrease of 23.2 percent. The net order intake in May for segment Norway was NOK 135.8 million (112.2 million), up 21.0 per cent. The net order intake in May for segment Sweden was NOK 123.7 million (NOK 225.6 million, down 45.2 per cent.

The total net order intake for the year so far is NOK 1 331.7 million, down 14.1 per cent. Segment Norway totals NOK 658.3 million, up 1.9 per cent. Segment Sweden totals NOK 673.4 million, down 25.6 per cent.

See also monthly development at http://www.bwghomes.no/en/Investors-relations/Financial-info/New-orders/ and enclosed graph "New orders per month" from 2006 till date.

Further information from: Lars Nilsen, CEO, BWG Homes ASA, tel: +47 23 24 60 00 Ketil Kvalvik, CFO, BWG Homes ASA, tel: +47 23 24 60 42, +47 90 77 13 15

BWG Homes develops, sells and constructs residential homes in the Nordic region. The present brands owned by the group are Block Watne and Hetlandhus in Norway, Myresjöhus and SmålandsVillan in Sweden. BWG Homes sells and constructs homes through own residential projects and for individual customers. Ranked as a leading residential house builder in its markets, the group annually completes more than 2 000 new homes. BWG Homes has 1 360 employees. In 2007 the pro forma turnover was NOK 3.2 billion.



LINK: http://hugin.info/136346/R/1224239/258542.pdf

BWG Homes ASA

http://www.bwghomes.no

ISIN: NO0010298300

Stock Identifier: XOSL.BWG