Compulsory acquisition of shares in Olav Thon Eiendomsselskap ASA

28 Jan 2026 16:50 CET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, JAPAN,
HONG KONG, SOUTH KOREA, OR ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.

Oslo, 28 January 2026

Reference is made to the stock exchange announcement made on 14 January 2026
regarding settlement of the voluntary offer (the “Offer”) by Thon Gruppen AS
(the "Offeror") for all issued and outstanding shares (the "Shares") in Olav
Thon Eiendomsselskap ASA (the "Company"; OSE trading symbol "OLT") at a cash
consideration of NOK 335 per share (the "Offer Price"). Following settlement of
the Offer, the Offeror has acquired and holds a total of 96,211,125 Shares in
the Company, equivalent to approximately 94.8% of the share capital and voting
rights in the Company.

The board of directors of the Offeror has resolved, effective from after close
of trading on Euronext Oslo Børs today, 28 January 2026, to carry out a
compulsory acquisition of all remaining Shares in the Company not owned by the
Offeror, pursuant to section 6-22 of the Norwegian Securities Trading Act and
section 4-25 of the Norwegian Public Limited Liability Companies Act. As a
consequence, the Offeror has now assumed ownership to all Shares in the Company.
The offered redemption price in the compulsory acquisition is NOK 335 per Share,
equal to the Offer Price in the completed Offer (the "Redemption Price").

Settlement of the Redemption Price is expected to occur 4 February 2026. A
notice regarding the compulsory acquisition will be sent to all former
shareholders subject to the compulsory acquisition whose addresses are known. In
addition, the compulsory acquisition will be announced through the electronic
notice service of the Norwegian Register of Business Enterprises (Norwegian:
Brønnøysundregistrene).

Any objections to, or rejection of, the Redemption Price must be made at the
latest by 23:59 (CET) on 28 March 2026. Former shareholders of the Company who
do not object to, or reject, the Redemption Price within this deadline will be
deemed to have accepted the Redemption Price.

As a consequence of the compulsory acquisition, the Offeror will pursue a
delisting of the Company's shares from Euronext Oslo Børs. A separate stock
exchange announcement will be published regarding such delisting.

Advisors:

ABG Sundal Collier ASA is acting as financial advisor to the Offeror and its
affiliates in connection with the Offer. Advokatfirmaet CLP DA is acting as
legal advisor to the Offeror and its affiliates in connection with the Offer.

Contacts:

Arne B. Sperre
Telephone: +47 92 69 76 22

More information:
Access the news on Oslo Bors NewsWeb site