Heimstaden Bostad Raises SEK 3,337 million in New Equity from Greater Manchester Pension Fund and Existing Shareholders

06 Mar 2023 17:25 CET

Heimstaden Bostad AB raises SEK 3,337 million (EUR 299 million) in new equity
from UK-based Greater Manchester Pension Fund and existing shareholders. The
proceeds will partly finance the announced SEK 10,107 million (EUR 907 million)
bond buy back and will strengthen the company's balance sheet.

Councilor Gerald Cooney, Chairman of Greater Manchester Pension Fund,
comments: "We are excited to partner with Heimstaden Bostad, a best-in-class
residential real estate owner-operator with a strong track record. Their
philosophy of creating long-term value by focusing on evergreen and sustainable
investments aligns perfectly with our own strategic objectives and pledge to
reach net-zero carbon emissions across our investments by 2050. With a clearly
defined focus on ESG improvement, tenant satisfaction, and affordability,
Heimstaden Bostad is creating a positive societal impact given the lack of
affordable housing in the UK and across Europe."

Steen Lønberg Jørgensen, Head of Capital Raising and Client Relations in
Heimstaden comments: "The new equity shows our shareholders' strong commitment
to the company, a continuous support that has enabled recent years' growth
towards becoming a leading and commercially successful residential real estate
company. We are especially pleased to welcome Greater Manchester Pension Fund,
one of the UK's leading institutional investors. We share a commitment to
sustainable and responsible investments on behalf of all stakeholders and are
looking forward to developing our relationship even further."

About Greater Manchester Pension Fund

Greater Manchester Pension Fund ("GMPF") is one of the largest local government
pension schemes in the UK, managing £28 billion for Manchester's ten boroughs
and providing retirement benefits to over 375,000 members. GMPF is committed to
investing in a sustainable and responsible manner, with a focus on long-term
returns for its members and the wider community. GMPF has set ambitious targets
to reduce its carbon footprint and has pledged to reach net-zero carbon
emissions across its investments by 2050.

Contact
Christian V. Dreyer, CCO
media@heimstaden.com

Fredrik Bock-Hagen, CR
fredrik.bock-hagen@heimstaden.com

About Heimstaden Bostad

Heimstaden Bostad is a leading European residential real estate company with
around 158,000 homes across 9 countries and a property value of SEK 345 billion.
We acquire, develop, and manage properties with an evergreen perspective. Guided
by our Scandinavian heritage and values Care, Dare and Share - our 2,200
colleagues strive to fulfil our mission to enrich and simplify our customers'
lives through Friendly Homes. Read more at www.heimstadenbostad.com.

This information is such information that Heimstaden Bostad AB (publ) is obliged
to publish in accordance with the EU Market Abuse Regulation. The information
was submitted, through the agency of the above contact persons, for publication
on 6 March 2023 at 17.25 CET.

More information:
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