Acquisition of social infrastructure portfolio from SBB and private placement - Notice of extraordinary general meeting

18 Nov 2025 07:00 CET

Reference is made to the stock exchange announcements made by Public Property
Invest ASA ("PPI" or the "Company") on 11 November 2025 regarding the
acquisition of a social infrastructure portfolio from Samhällsbyggnadsbolaget
i Norden AB (publ) (the "Transaction") in exchange for consideration in cash
and issuance of 446,858,803 new shares in PPI (the "Consideration Shares") at
a subscription price per share of NOK 23 ("Subscription Price"), and the
successful placing of a private placement of 153,646,693 new ordinary shares
in PPI at a price per share equal to the Subscription Price (the "Private
Placement") with a potential subsequent offering of up to 15,217,391 new
ordinary shares in PPI at a price per share equal to the Subscription Price
(the "Subsequent Offering").

77,541,478 of the Consideration Shares will be new ordinary shares of PPI (A
shares), while the remaining 369,317,325 Consideration Shares will be new
non-voting and non-listed shares (B shares), which on certain conditions will
be exchangeable into ordinary shares.

As disclosed in the above mentioned stock exchange announcements, the
Transaction, the issuance of the Consideration Shares, the issuance of the new
shares in the Private Placement, and the Subsequent Offering are all
conditional on approval by the Company's general meeting. As 369,317,325 of
the Consideration Shares will be new non-voting and non-listed shares, a
prerequisite for issuance of the Consideration Shares is also that the
Company's general meeting approves the implementation of the new class of B
shares by amending the Company's articles of association.

To adopt the necessary resolutions, the Company's board of directors hereby
calls for an extraordinary general meeting to be held on Tuesday 9 December
2025 at 16:30 hours (CET) as a digital meeting (the "EGM"). The notice and
agenda of the EGM is attached to this stock exchange announcement and will be
sent to all shareholders with known addresses. The notice will also be made
available on the Company's website: Public Property Invest | Investor
relations (https://www.publicproperty.no/en/investor-relations).

Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB"), trough SBB I Norden AB,
and APG Invest AS have undertaken to vote in favor of the resolutions to be
made at the EGM. SBB will however not vote on item 3.2 on the agenda regarding
the approval of the Transaction, as it involves companies within the SBB
group.

In addition to the EGM adopting the necessary resolutions, the completion of
the Transaction is subject to the satisfaction or waiver of certain other
closing conditions, including necessary regulatory approvals and approval by
SBB's general meeting. The Transaction is expected to be completed in December
2025.

Listing of the Consideration Shares, excluding the non-voting B shares which
will not be listed, and the ordinary shares (A-shares) issued to AGP Invest AS
in the Private Placement is conditional on the preparation of a prospectus to
be approved by the Financial Supervisory Authority of Norway. These shares
will be admitted to trading on Euronext Oslo Børs only after the prospectus
has been approved and published. In the meantime, they will be issued under a
separate ISIN.

For more information, please contact:
André Gaden, CEO
Email: andre@publicproperty.no
Tel: +47 930 37 322

This information is subject to the disclosure requirements in Section 5-12 of
the Norwegian Securities Trading Act and article 19 of Regulation EU 596/2014
(the EU Market Abuse Regulation).

More information:
Access the news on Oslo Bors NewsWeb site

659905_PPI ASA Notice Of EGM 9 December 2025.pdf