Resolution to increase the share capital in connection with subsequent offering

11 Feb 2026 12:01 CET

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY,
IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR
JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL.

Oslo, 11 February 2026: Reference is made to the stock exchange announcement
made by Public Property Invest ASA (the "Company") on 12 November 2025
regarding the successfully placed private placement (the "Private Placement")
of 153,646,693 new ordinary shares (class A shares) in the Company, raising
gross proceeds of approximately NOK 3,534 million, and a potential subsequent
offering of up to 15,217,391 new ordinary shares (class A shares) in the
Company (the "Offer Shares") (the "Subsequent Offering"), as well as the stock
exchange announcement made on 9 December 2025 where the Company announced that
the general meeting had, inter alia, resolved to grant the board of directors
an authorization to increase the Company's share capital by up to NOK
760,869.55 by the issuance of new ordinary shares (class A shares) in the
Company in connection with the Subsequent Offering.

The Company's board of directors has today resolved to carry out the
Subsequent Offering and pursuant to the abovementioned authorization, increase
the share capital of the Company by a minimum of NOK 0.05 and a maximum of NOK
760,869.55 through the issuance of a minimum of one (1) new ordinary share
(class A share) and a maximum of 15,217,391 new ordinary shares (class A
shares), each with a nominal value of NOK 0.05 and with a subscription price
of NOK 23 (the "Subscription Price"), which is equal to the subscription price
per share in the Private Placement.

The resolutions by the Company's board of directors are conditional on the
Norwegian Financial Supervisory Authority's ("NFSA") approval of a prospectus
prepared for (i) the offering the Offer Shares to Eligible Shareholders (as
defined below) in the Subsequent Offering (including the listing of such Offer
Shares on Euronext Oslo Børs), (ii) listing on Euronext Oslo Børs of
77,541,478 new ordinary shares (class A shares) issued in connection with the
Company's acquisition of an infrastructure portfolio from
Samhällsbyggnadsbolaget i Norden AB (publ), and (iii) listing on Euronext Oslo
Børs of 84,810,130 new ordinary shares (class A shares) issued in connection
with the Private Placement (the "Prospectus"). It is expected that the
Prospectus will be approved by the NFSA later today, and that the subscription
period in the Subsequent Offering will commence tomorrow, 12 February 2026 at
09:00 hours (CET). A separate announcement with respect to the approval of the
Prospectus, and information about the Subsequent Offering will be published.

Shareholders of the Company as of 11 November 2025, as registered in the
Company's register of shareholders with Euronext Securities Oslo, the central
securities depositary in Norway (Nw. Verdipapirsentralen) (the "VPS") on 13
November 2025 (the "Record Date"), who (i) were not included in the
pre-sounding phase of the Private Placement, (ii) were not allocated shares in
the Private Placement, and (iii) are not resident in a jurisdiction where such
offering would be unlawful, or would (in jurisdictions other than Norway)
require any prospectus, filing, registration or similar action (such eligible
shareholders collectively referred to herein as the "Eligible Shareholders")
will be granted non-tradeable subscription rights (the "Subscription Rights")
that, subject to applicable law, give a right to subscribe for and be
allocated shares in the Subsequent Offering at the Subscription Price. The
Eligible Shareholders will be granted 0.14477 Subscription Rights for each
existing share registered as held by such Eligible Shareholder as of the
Record Date, rounded down to the nearest whole Subscription Right. The
Subscription Rights will be registered on each Eligible Shareholder's VPS
account. Over-subscription will be permitted, provided that not more than 5.92
new Offer Shares will be allocated per share the respective Eligible
Shareholder was registered as owner of in the VPS as of the Record Date
(rounded down to the nearest whole share, as no fractional Offer Shares will
be issued). Subscription without Subscription Rights will not be permitted.
Further information regarding the Subsequent Offering will be set out in the
Prospectus.

Arctic Securities AS and DNB Carnegie, a part of DNB Bank ASA, are acting as
managers (the "Managers") in the Subsequent Offering. Advokatfirmaet
Thommessen AS is acting as legal advisor to the Company in relation to the
Subsequent Offering.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
For further information, please contact:

André Gaden, CEO
Email: andre@publicproperty.no
Tel: +47 930 37 322
Important information

This announcement is not and does not form a part of any offer of securities
for sale, or a solicitation of an offer to purchase, any securities of the
Company in the United States or any other jurisdiction. Copies of this
announcement are not being made and may not be distributed or sent into any
jurisdiction in which such distribution would be unlawful or would require
registration or other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities
laws. The Company does not intend to register any part of the Subsequent
Offering in the United States or to conduct a public offering of securities in
the United States. Any sale in the United States of the securities mentioned
herein will be made solely to "qualified institutional buyers" (QIBs) as
defined in Rule 144A under the Securities Act, pursuant to an exemption from
the registration requirements under the Securities Act, as well as to major
U.S. institutional investors pursuant to an exemption under SEC Rule 15a-6 to
the United States Exchange Act of 1934, as amended.

In any EEA member state, this communication is only addressed to and is only
directed at qualified investors in that member state within the meaning of the
EU Prospectus Regulation, i.e., only to investors who can receive any offering
of securities referred to in this announcement without an approved prospectus
in such EEA member state. "EU Prospectus Regulation" means Regulation (EU)
2017/1129, as amended (together with any applicable implementing measures in
any EEA member state).

In the United Kingdom, this communication is only addressed to and is only
directed at qualified investors who are (i) investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) person falling within
Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated
associations, etc.) (all such persons together being referred to as "Relevant
Persons"). These materials are directed only at Relevant Persons and must not
be acted on or relied on by persons who are not Relevant Persons. Any
investment or investment activity to which this communication relates is
available only to Relevant Persons and will be engaged in only with Relevant
Persons. Persons distributing this communication must satisfy themselves that
it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking
statements concerning future events, including possible issuance of equity
securities of the Company. Forward-looking statements are statements that are
not historical facts and may be identified by words such as "believe",
"expect", "anticipate", "strategy", "intends", "estimate", "will", "may",
"continue", "should" and similar expressions. The forward-looking statements
in this communication are based upon various assumptions, many of which are
based, in turn, upon further assumptions. Although the Company believes that
these assumptions were reasonable when made, these assumptions are inherently
subject to significant known and unknown risks, uncertainties, contingencies
and other important factors which are difficult or impossible to predict and
are beyond its control. Actual events may differ significantly from any
anticipated development due to a number of factors, including, but not limited
to, changes in investment levels and need for the group's services, changes in
the general economic, political, and market conditions in the markets in which
the group operate, and changes in laws and regulations. Such risks,
uncertainties, contingencies, and other important factors include the
possibility that the Company will determine not to, or be unable to, issue any
equity securities, and could cause actual events to differ materially from the
expectations expressed or implied in this communication by such
forward-looking statements. The Company does not make any guarantees that the
assumptions underlying the forward-looking statements in this communication
are free from errors.

The information, opinions and forward-looking statements contained in this
communication speak only as at its date and are subject to change without
notice. Each of the Company, the Managers, and their respective affiliates
expressly disclaims any obligation or undertaking to update, review, or revise
any statement contained in this communication whether as a result of new
information, future developments or otherwise, unless required by laws or
regulations.

The Managers are acting exclusively for the Company and no one else in
connection with the Subsequent Offering and will not be responsible to anyone
other than the Company for providing the protections afforded to its clients,
or for advice in relation to the contents of this announcement or any of the
matters referred to herein.

Neither the Managers nor any of their respective affiliates make any
representation as to the accuracy or completeness of this announcement and
none of them accepts any liability arising from the use of this announcement
or responsibility for the contents of this announcement or any matters
referred to herein.

This announcement is for information purposes only and is not to be relied
upon in substitution for the exercise of independent judgment. It is not
intended as investment advice and under no circumstances is it to be used or
considered as an offer to sell, or a solicitation of an offer to buy any
securities or a recommendation to buy or sell any securities of the Company.

Certain figures contained in this announcement have been subject to rounding
adjustments. Accordingly, in certain instances, the sum or percentage change
of the numbers contained in this announcement may not conform exactly with the
total figure given.

The distribution of this announcement and other information may be restricted
by law in certain jurisdictions. Persons into whose possession this
announcement or such other information should come are required to inform
themselves about and to observe any such restrictions. Any failure to comply
with these restrictions may constitute a violation of the securities laws of
any such jurisdiction. Specifically, neither this announcement nor the
information contained herein is for publication, distribution or release, in
whole or in part, directly or indirectly, in or into or from the United States
(including its territories and possessions, any state of the United States and
the District of Columbia), Australia, Canada, Hong Kong, Japan or any other
jurisdiction where to do so would constitute a violation of the relevant laws
of such jurisdiction.

More information:
Access the news on Oslo Bors NewsWeb site