Aker

APG Invest completes transaction in Public Property Invest

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

Media contact:

Atle Kigen, Head of Media Relations and Public Affairs

+47 90 78 48 78

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