3/8/2012

The attached statement has been made in accordance with Section 6-16 of the Norwegian Securities Trading Act in connection with the mandatory offer from Oslo Bolig- og Sparelag (OBOS) to acquire all outstanding shares in Fornebu Utvikling ASA against a consideration of NOK 2.45 in cash, put forward in an offer document dated 22 February 2012.

For further information, please contact:

CEO Morten Grongstad, tel.: +47 99 15 39 05

CFO Gisle Glück Evensen, tel: +47 91 80 05 66

About Fornebu Utvikling ASA:

Fornebu Utvikling (FBU) is a Norwegian real estate company listed on the Oslo Stock Exchange. The Group develops and sells attractive housings of high quality. Currently, the Group has development projects at Fornebu outside Oslo (Norway) and in Odense (Denmark).

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.