Arnt Eriksen New CFO In BWG Homes ASA

BWG Homes ASA (Oslo, 2 July 2008) Arnt Eriksen is appointed as new Chief Financial Officer in BWG Homes ASA. He will take up his appointment on 1 October 2008.

Arnt Eriksen (40) is currently Vice President Corporate Accounting in Marine Harvest ASA. He has broad management experience from listed companies with international operations. He has previously worked as group chief accountant in Fjord Seafood ASA and in the Rezidor Group (SAS Hotels), as CFO in Avenir ASA, and as Audit Supervisor in KPMG AS.

Eriksen is state authorised public accountant from the Norwegian School of Economics and Business Administration (NHH).

Further information from: 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.

BWG Homes ASA

http://www.bwghomes.no

ISIN: NO0010298300

Stock Identifier: XOSL.BWG