The 2nd quarter 2010 presentation held at Vika Atrium Conference center, Oslo on 26 August 2010, is enclosed. Web-cast of the presentation is available at http://www.bwghomes.no/en/Investors-relations/ This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

[HUG#1440488]

Presentation Q2 1010: http://hugin.info/136346/R/1440488/384930.pdf

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