Public Property Invest

Major Shareholding Notification • Dec 17, 2025

Mandatory notification of trade and disclosure of large shareholding

Mandatory notification of trade and disclosure of large shareholding

Reference is made to the stock exchange announcement made by Public Property

Invest ASA ("PPI" or the "Company") on 16 December 2025, informing of the

completion of the acquisition of a social infrastructure portfolio from

Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB"), announced on 11 November

2025 (the "Transaction") and the imminent completion of the private placement

of new ordinary shares in the Company carried out in connection with the

Transaction (the "Private Placement").

The share capital increases pertaining to the 446,858,803 consideration shares

issued in the Transaction to SocialCo Fastigheter AB ("SocialCo"), a company

associated with SBB, and the share capital increase pertaining to the

153,646,693 new shares in the Private Placement have now been registered in

the Norwegian Register of Business Enterprises.

Simultaneously with the issue of new shares in the Transaction and the Private

Placement, SocialCo has transferred 182,353,200 non-voting shares (B shares)

in the Company to SBB. Pursuant to an agreement with Aker ASA, through APG

Invest AS ("APG Invest") with respect to sale and exchange of shares, SBB has

at the same time (i) sold 178,432,867 non-voting shares (B shares), to APG

Invest and (ii) exchanged 3,920,333 non-voting shares (B-shares) of PPI with

the same number of ordinary shares (A shares) of PPI from APG Invest.

Further, and pursuant to the settlement of the Private Placement through,

inter alia, a share lending agreement entered into between APG Invest AS, SBB,

Arctic Securities AS and DNB Carnegie, a part of DNB Bank ASA, and the

Company, SBB has been redelivered 15,000,000 ordinary shares (A shares) used

for settlement of the Private Placement. The share lending is made solely for

settlement purposes and has, as such, consequently not reduced or increased

SBB's ownership interest in the Company.

Please see the attached form of notification and public disclosure pursuant to

the Market Abuse Regulation article 19 for further information regarding the

above transactions.

Following the above transactions SBB's holding of shares, including close

associates, is 196 902 166 ordinary shares (A shares) and 186 964 125

non-voting shares (B shares), corresponding to approx. 34.22% of the total

number of shares representing votes outstanding in the Company (A shares) and

40.63% of the total share capital of the Company (A shares and B shares).

Prior to the transactions, SBB held 100,440,355 ordinary shares of PPI

representing 29.18% of the share capital and votes outstanding in the Company.

Consequently, SBB's registered holding of shares has increased above the 1/3

threshold pursuant to section 4-2 (1) of the Norwegian Securities Trading Act.

SBB's shareholding in PPI is consolidated, with SocialCo, a controlled entity

of SBB, holding 186,964,125 non-voting shares (B-shares) and 77,541,478

ordinary shares (A shares). The remaining 119,360,688 ordinary shares

(A-shares) in SBB's consolidated holding is held by SBB.

The above calculations have been made based on a total of 944,688,314

outstanding shares in the Company, divided into 575,370,989 ordinary shares (A

shares) and 369,317,325 non-voting shares (B shares).

This information is subject to the disclosure requirements pursuant to the

Market Abuse Regulation (EU) 596/2014 (MAR) article 19 and section 4-2 and

section 5-12 of the Norwegian Securities Trading Act.