Samhallsbyggnadsbolaget – Open Letter to Authorities and Auditors

Author: Viceroy Research Published on: March 2, 2022 Published in: Samhallsbyggnadsbolaget STO:SBB

Dear Esteemed Recipients,

Whistleblower Report – Laeringsverkstedet & Trygge Barnehager

Viceroy Research has become aware of significant contract risks between Laeringsverkstedet (“LV”) and Trygge Barnehager (“TB”) (together “the Tenants”), and their new landlord: Samhallsbyggnadsbolaget i Norden AB (“SBB”). Together, the Tenants and SBB operate over 10% of Norway’s Kindergarten facilities.

This letter, together with enclosed annexures, will provide background on tenant agreements and historical transactions between the Tenants and SBB, which we show has resulted in dangerously inflated rental pricing. This inflated rent is subsidized via dividends from SBB, which we believe are at risk of failure.

Should this be the case, we believe the Tenants will default on their lease obligations and cause significant damage to the taxpayer, who will inevitably end up carrying these costs.

We address you in your collective capacity in overseeing and subsidizing Norway’s Kindergarten system, and in your capacity to investigate perceived impropriety within private organizations in this system.

Yours faithfully,

Viceroy Research Group

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