The Holmström Group currently owns 56.4 percent of the shares. Shareholders who control a total of 65.52 percent of all shares have stated that they intend to accept the offer.

Magnolia's Board unanimously recommends the shareholders to accept the offer.

The offer corresponds to a value for the company of SEK 2.9 billion.

The acceptance period for the offer is expected to begin on 12 July 2021 and end around 18 August 2021, subject to possible extensions.

The offer is made through the company F Holmström Holding 6 AB (FHH), owned by F. Holmström Fastigheter AB (Holmströmgruppen) and funds or entities managed and advised by Areim AB.

Fredrik Holmström, Chairman of the Board of Holmströmgruppen:

"Holmströmgruppen and Areim intend to jointly operate Magnolia Bostad in a private environment, where the company receives a predictable capital supply over time, which enables long-term development of sustainable and attractive housing. We see Areim as a good partner to together give Magnolia Bostad the right conditions to realize its growth agenda and strategy to build for its own management, which will require significant capital, while we offer Magnolia Bostad's shareholders the opportunity to realize their holding at an attractive premium of 34 percent."

Leif Andersson, Founder and board member of Areim:

"We have for some time followed the development in Magnolia Bostad and see that the company has an attractive offer in property development and an exciting project portfolio. We believe that together we are good owners, with us as a capital-strong company combined with Holmströmsgruppen's extensive knowledge of Magnolia Bostad. Both also have solid expertise and long experience in the real estate sector and a common view of long-term property ownership and social sustainability."

The Board has, following a written request from FHH, given FHH the opportunity to conduct a limited confirmatory due diligence investigation regarding the company in connection with the preparations for the offer and FHH has in connection with this also met the company's management.

In order to handle issues concerning the offer, the Board has commissioned the independent board members Risto Silander, Jan Roxendal, Anna-Greta Sjöberg and Andreas Rutili to form an independent bidding committee to handle all issues regarding the offer on behalf of the Board.

The Chairman of the Board, Fredrik Holmström, and the Board members Fredrik Tibell and Viveka Ekberg are not independent in relation to the Holmström Group and Areim, respectively, and have therefore not participated in the handling of or decisions on issues related to the offer.

As part of the Board's evaluation of the offer, the Board has obtained a valuation statement from Deloitte AB. Deloitte considers that the offer is to be regarded as reasonable from a financial point of view for the shareholders in Magnolia Bostad.

The Board has hired Kanter Advokatbyrå as legal advisor in connection with the offer.

Nordanö is the advisor to Areim.