Completion of the acquisition of Rigedalen 5 in Kristiansand

20 Dec 2024 13:43 CET

Reference is made to the stock exchange announcement made by Public Property
Invest ASA ("PPI") on 12 December 2024, whereby PPI announced the signing of
an agreement for the acquisition of the property Rigedalen 5 in Kristiansand
from Kristiansand Offentlige Eiendom AS (the "Seller").

The required approval from Seller's general meeting has been obtained, and the
acquisition was completed today. To formally issue the 815,119 consideration
shares in the transaction, PPI's board of directors has today resolved to
increase PPI's share capital by NOK 40,756 pursuant to the authorisation to
increase PPI's share capital granted by PPI's general meeting on 12 April
2024.

As announced yesterday, 19 December 2024, PPI's share capital following
issuance of the abovementioned shares and the consideration shares in the
Strandgaten 229-transaction will be NOK 10,755,191.25, divided into
215,103,825 shares each with a nominal value of NOK 0.05.

Contact: Ilija Batljan, Interim CEO, ilija@publicproperty.no

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2024-12-20 13:43 CET.

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