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's activity report 2022

Bonava Introduction

Bonava is a leading residential development company in Northern Europe, creating homes and neighborhoods where people have a high quality of life. The company, with 1900 employees, develops and sells homes in seven countries: Sweden, Finland,

Norway, Germany, Estonia, Latvia and Lithuania, focusing on larger cities where the population is growing and the demand for new homes is constant.

In 2022, Bonava's sales revenue was 1.4 billion euros and a total of 2727 new homes were sold. The company is the first residential developer in Europe to receive approval from the Science Based Targets initiative for its climate goals. Bonava shares and green bonds are listed on the Stockholm Stock Exchange.

Bonava received a "A" rating from the global non-profit Carbon Disclosure Project (CDP) for its environmental initiatives. 71 percent of new buildings started by Bonava were more than 10 percent more energy efficient than new building regulations require.

Bonava, which originated from NCC, has been creating homes and neighborhoods since the 1930s.

Over this time, we have become experienced experts in creating comfortable homes with optimal solutions. We have been operating under the Bonava brand since the spring of 2016, when NCC Housing became a separate company.

Bonava's goal

Bonava's goal is to create happy neighborhoods for many people. As a residential developer, we are constantly looking for new ways to shape neighborhoods and create homes that contribute to a happier, more sustainable and healthier society. The basis for the best home is not just architecture or beautiful decor, but above all the people and life there. That's why we started the "Happy Neighborhood Study" in 2017, which helps us understand what people consider important in their home and neighborhood. This allows us as a company to constantly improve.

Bonava values

Values define who we are. In our daily activities, we follow these values: (cid:127) Commitment. Our main focus is on the company's business results and satisfied customers.

(cid:127) Care. We support each other, take care of our customers and contribute to society.

(cid:127) Curiosity. We learn and develop ourselves constantly to be able to offer our customers the best solutions.

Bonava Estonia OÜ

Bonava is one of the largest builders of new homes in Estonia. During our 19 years of operation in Estonia, we have developed and sold nearly 3000 apartments - in the center of Viimsi to Tammeõue, on the border of Kadriorg and Lasnamäe

to Vana-Kuuli and Liikuri Kvartal, to Mustamäe to Rabaküla and Uus-Mustamäe, to Haabersti to Pärnaõue, Järveotsa

Homes and Pikaliiva Kaarmaja, to Pelgurand to Ketraja Houses and Kolde Rannamaja and to Kristiine district to Mõtuse

Homes.

Over the next five years, we plan to build another 2000 new homes. One of the largest new developments in Tallinn, Uus-Mustamäe, is being built in the heart of Mustamäe and in Haabersti, Järveotsa Homes and Pikaliiva Kaarmaja.

We create modern homes and well-designed neighborhoods and as main contractors, we manage the construction of homes through all stages - from design and construction management to sales, marketing and warranty service. In-house design and project management, combined with long-term experience, ensure high construction quality and carefully thought-out homes where people enjoy living.