Public Property Invest ASA - New EVP IR and Corporate Finance

23 May 2024 07:30 CEST

Oslo, 23 May 2024: Tone Omsted has been appointed new EVP IR and Corporate
Finance in Public Property Invest ASA (PPI). She will take up the position on
1 September 2024.

"I am pleased to announce the recruitment of Tone Omsted, and hence to
continue building the already strong and professional team in PPI. PPI was
recently listed on Oslo Børs and has an ambition to become a leading
consolidator in the Nordic real estate market. We look forward to Tone joining
us to establish an open and proactive IR function and to contribute to deliver
on our ambition," says interim CEO Ilija Batljan.

Tone Omsted has more than 25 years' experience from capital markets, corporate
finance, and the property sector. She has served as Head of Investor Relations
in Entra ASA since the IPO in 2014 and she has 15 years' experience as an
Investment Banking professional in SEB/SEB Enskilda.

"PPI is a solid, well capitalized property company with an ambitious growth
strategy. I look very much forward to joining the great team in PPI and to
contribute to develop the company for the exciting journey ahead," says Tone
Omsted.

For further queries, please contact:

Ilija Batljan, interim CEO, ilija@publicproperty.no

Ylva Göransson, CFO, ylva@publicproperty.no

About PPI

Public Property Invest was established in 2021 by SBB and Arctic Securities
with a long-term strategy of owning, operating, and developing socially
beneficial property in Norway. Sustainable property management is an integral
part of Public Property Invest's business.

Its portfolio of properties is characterized by strong tenants within the
public sector, such as the police, judiciary functions and public health
organizations, on long lease contracts and a high occupancy rate.

Public Property Invest's portfolio consists of more than 368,000 sqm across 61
properties which had an aggregate estimated value of around NOK 9,976 million
as of 31 December 2023. It has more than 125 public tenants in 26 cities.
Hundreds of subcontractors ensure that its tenants can fulfil their important
societal missions every day.

In the medium to long term, Public Property Invest is expected to generate NOK
690 million in normalised run-rate rental income, of which public tenants
constitute approximately 92 per cent. The company intends to be an active
consolidator in the market. With a strong balance sheet, it pursues an
opportunistic growth strategy.

More information:
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