Studentbostäder i Sverige intends to carry out a directed share issue

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

Studentbostäder i Sverige AB (publ) ("Studentbostäder i Sverige" or the "Company") hereby announces its intention to carry out a directed share issue of preference shares of series C to Swedish and international institutional investors (the "Directed Share Issue"). The Company has retained Nordea Bank Abp, filial i Sverige, Swedbank AB (publ) and Pareto Securities AB as joint bookrunners in connection with the Directed Share Issue.

The subscription price and the total number of new preference shares of series C in the Directed Share Issue will be determined by way of an accelerated bookbuilding procedure (the "Bookbuilding"). Studentbostäder i Sverige believes that using the flexibility provided by a directed share issue is the most appropriate alternative for the Company at this time, allowing it to raise capital in a timely and cost-effective manner and to diversify the shareholder base. By establishing the subscription price in the Directed Share Issue through the Bookbuilding, it is the assessment of the Board of Directors that the subscription price will accurately reflect current market conditions and demand. It is intended that the transaction volume in the Directed Share Issue will amount to corresponding approximately MSEK 200 (with an upsize option of approximately MSEK 50).

Four of the Company's larger shareholders - SBB, Fastator, Phoenix Insurance Group and Amasten - have committed to, directly or indirectly through subsidiaries, without compensation or a guaranteed allotment, subscribe for shares corresponding to MSEK 205 at a subscription price of SEK 0.09 per share in the Directed Share Issue (the "Subscription Commitments"). The capital guarantee provided by SBB, Fastator and Amasten of MSEK 150, which the Company communicated in a press release on 2 December 2020, will therefore not be utilised if SBB, Fastator and Amasten subscribe in accordance with their respective Subscription Commitment, or if shares corresponding to the amount of the capital guarantee is subscribed for by external investors.

The Bookbuilding will start immediately following this announcement. Pricing and allocation of the new shares in the Directed Share Issue is expected to take place before beginning of trading on Nasdaq First North Premier Growth Market at 09:00 CET on 17 December 2020. The exact timing of closing of the Bookbuilding, pricing and allocation is at the discretion of the Company and the joint bookrunners. The Company will announce the outcome of the Directed Share Issue immediately after closing of the Bookbuilding in a subsequent press release.

The Company intends to use the net proceeds from the share issue to finalise ongoing projects, develop the Company's property portfolio, repay short-term bridge loan facility, pursue new acquisitions and start production of new planned student housing units.

Completion of the Directed Share Issue is, among other things, subject to a resolution by the Board of Directors of Studentbostäder i Sverige, pursuant to the authorisation given by the annual general meeting on 30 June 2020 to issue new shares, following closing of the Bookbuilding.

This information is information that Studentbostäder i Sverige AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 17.31 CET on 16 December 2020.

For further information, please contact: Rebecka Eidenert, CEO Studentbostäder i Sverige, +46-70 786 54 54, [email protected]

Certified Adviser

Mangold Fondkommission AB (556585-1267)
Box 55691
SE-102 15 Stockholm
+46 8 503 015 50
www.mangold.se
[email protected]

Important Information The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Studentbostäder i Sverige in any jurisdiction, neither from Studentbostäder i Sverige nor from someone else.

This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the new shares. Any investment decision in connection with the contemplated share issue must be made on the basis of all publicly available information relating to the Company and the Company's shares, which has not been verified by Nordea Bank, Swedbank or Pareto Securities. Such information has not been independently verified by Nordea Bank, Swedbank or Pareto Securities. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. Nordea Bank, Swedbank and Pareto Securities are acting for the Company in connection with the transaction and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to its clients nor for giving advice in relation to the transaction or any other matter referred to herein.

This announcement does not constitute a recommendation concerning any investor's option with respect to the contemplated share issue. Each investor or prospective investor should conduct his, her or its own investigation, analysis and evaluation of the business and data described in this announcement and publicly available information. The price and value of securities can go down as well as up. Past performance is not a guide to future performance.

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zeeland, Singapore, South Africa, South Korea, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. Studentbostäder i Sverige has not authorized any offer to the public of shares or rights in any member state of the EEA and no prospectus for an offering has been or will be prepared in connection with the contemplated share issue. In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation.

In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, "qualified investors" (in accordance with the definition in Article 86(7) of the Financial Services and Markets Act 2000) who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) "high net worth entities" falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.

Forward-looking statements

This press release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless it is not required by law or Nasdaq First North Growth Market's rule book for issuers.

Information to distributors

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares in Studentbostäder i Sverige have been subject to a product approval process, which has determined that such shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, Distributors should note that: the price of the shares in Studentbostäder i Sverige may decline and investors could lose all or part of their investment; the shares in Studentbostäder i Sverige offer no guaranteed income and no capital protection; and an investment in the shares in Studentbostäder i Sverige is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the contemplated share issue. Furthermore, it is noted that, notwithstanding the Target Market Assessment, Nordea Bank, Swedbank and Pareto Securities will only procure investors who meet the criteria of professional clients and eligible counterparties.

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares in Studentbostäder i Sverige.

Each distributor is responsible for undertaking its own target market assessment in respect of the shares in Studentbostäder i Sverige and determining appropriate distribution channels.

For further information, please contact: Rebecka Eidenert, CEO Studentbostäder i Sverige, +46-70 786 54 54, [email protected]

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