APG Invest completes transaction in Public Property Invest

16 Dec 2025 15:39 CET

December 16, 2025 - Reference is made to the stock exchange notice by Public
Property Invest ASA ("PPI") on December 16, 2025, regarding completion of the
acquisition of a social infrastructure portfolio from Sämhallbyggnadsbolaget i
Norden AB (publ) ("SBB") (the "Transaction"). Following completion, PPI
triples its property portfolio size to around NOK 53 billion and is the
largest listed social infrastructure real estate company in Europe.

As announced on November 11, 2025, APG Invest AS ("APG Invest"), a wholly
owned subsidiary of Aker ASA, agreed to subscribe and be allocated class A
shares in a private placement in PPI, to acquire a certain number of
non-voting class B shares in PPI from SBB, and to exchange a certain number of
class A shares for class B shares with SBB in connection with the Transaction.

Closing of the Transaction was completed today, December 16, 2025. Reference
is made to the stock exchange announcement made by PPI on December 16, 2025,
for further details on completion of the Transaction.

Settlement of the private placement in PPI and APG Invest's acquisition of the
non-voting class B shares from SBB is expected to be completed on or about 17
December 2025, subject to registration of the share capital increases
pertaining to the Transaction in the Norwegian Register of Business
Enterprise. Following completion of these transactions APG Invest will hold
137,487,381 ordinary class A-shares and 182,353,200 non-voting class B shares
in PPI, corresponding to an economic interest of approximately 33.32% and
voting rights of approximately 23.28% in PPI (calculated based on the
assumption that the subsequent offering of up to 15,217,391 new class A shares
announced by PPI is carried out and fully subscribed).

-ENDS-

Investor contact:
Fredrik Berge, Head of Investor Relations
+47 45 03 20 90
fredrik.berge@akerasa.com

Media contact:
Atle Kigen, Head of Media Relations and Public Affairs
+47 90 78 48 78
atle.kigen@akerasa.coms

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